Paying for Ivy League?

thumper1
Sun, 27 Sep 2009 10:31:29 +0000

franglish, you were very fortunate. In most cases, outside scholarships (even at these tippy top schools) will not reduce the EFC.

With an EFC of $35K, this student’s family income is probably in the $90K to $140K range. Typically EFC is about 1/4 to 1/3 of the gross annual income. The variation would depend on the assets.

Remember too, that these generous schools DO expect, in most cases, a student contribution and that increases each year.

Again…how I ask…how does this student plan to secure his/her loans?