Is my EFC too high?

swimcatsmom
Wed, 07 Jan 2009 13:47:18 +0000

The “break” is not exactly divided in half. I believe the parental contribution w/ 2 in college is 60% (not 50%) and w/3 in college, it’s 40% for each (not 33%).

For FAFSA this is not correct (don’t know about CSS). For FAFSA the parent part of the EFC is divided exactly evenly between the number of students in college. In the EFC formula the parent contribution is calculated then divided by 2 if there are 2 students, by 3 if there are 3 students etc. So if there are 2 students then it is 50% to one and 50% to the other. If there are 3 students it is 33 1/3% to each etc. The student generated part of the EFC stays as is and is not divided between the students.