My EFC is $46K?!?!

mom2collegekids
Tue, 16 Feb 2010 17:32:04 +0000

^^^

You may be thinking of a couple of ivies that have people pay 10% of their income if they make a certain amount (something like $60k - 160k).

However, that is unique and is not the standard for nearly every other college.

*If a family of 6 with an income of $80, do they still need to pay $20K? Better start paying attention to these things. *

Try this and find out what your EFC is… [FinAid | Calculators | Expected Family Contribution (EFC) and Financial Aid](http://www.finaid.org/calculators/finaidestimate.phtml) If you will be the only child in college, put 1 in college. If you have a sibling in college, put 2. Do not count any parents who are in college.

With that size family, I’m guessing that your EFC is going to be much less than $20k…maybe about $10k. When you do learn what your EFC is, you need to find out if your parents can afford it.