Overlapping Kids in College & Divided EFC....Why???

sybbie719
Mon, 02 Apr 2018 21:06:19 +0000

Keep in mind while your FAFSA EFC will be split in half, it does not necessarily mean that your D’s school will suddenly be half the cost. Profile schools will probably be about 60% of what you are paying now. Many CSS profile meet full need school will want to know how much you are paying for kid 2 to attend school.

If kid #2 gets a full ride, full tuition scholarship, your need based aid for kid #1 will not go down much, especially if it is less than your federal EFC.

For example: If your EFC with 2 kids in college is $40k and kid # 2 gets a full tuition scholarship leaving you with approx 17k to pay, school number one will probably only give 17k in aid (the difference of what you are paying out of pocket). IF kid# 2 gets a full ride, you will still be full pay for kid #1, because you will have no out of pocket expense.

If both kids are attending schools where the COA is approx $65k/year and the EFC comes out to about 40k/kid each may get 25k.