<p>It depends. Our EFC is 40K and with two kids in college FAFSA became 20K for each. Every private college my son applied to gave a financial aid package that reduced the cost down to basically equal to our public in state colleges. For the 60K colleges, the financial aid package was about 30K in scholarships/grants and 10K in loans & workstudy. So for us, each kids FAFSA efc was 20K, the privates reduced down to 20K and the publics are a llttle over 20K. </p>