<p>My sister recieves 7k a semester from FAFSA, an she has Bright Futures 75% scholarship. I was wondering if I will recieve the same amount. My parents have not gotten new jobs so…our income is stll the same. The only thing is…I have 2 scholarships. Doorways…which pays for 80% of my tuition AND Bright futures which will pay 75% of my tuition. Will that affect how much I recieve from FAFSA? Or is it solely based on income alone. Thanks.</p>
<p>bump…</p>
<p>bumppppppppppp</p>
<p>I think if someone knew the answer they would have responded
I doubt if you are going to receive money that would cover more than 100% of your tuition
Why don’t you ask the administrators of the programs you are referring to?</p>
<p>Well my sister recieves 7k per semester, and her tuition is only 3k.</p>
<p>The rest might be fore other expense like room & board, books, incidental expenses. With you in college, as well as your sis, you might qualify for need aid as well.</p>
<p>All elese being equal, you should get about the same amount.</p>
<p>The FAFSA total will be 7k for both of you…so the amount your parents contribute in total should be the same, 3.5 k for your sister, and 3.5k for you.</p>
<p>So youre saying the money they give me will be split? o_o</p>
<p>FAFSA gives nothing-- it’s an application for aid, and more generally one formula for calculating the family Expected Family Contribution (EFC). The schools, and the government give the need based aid.</p>
<p>Your family EFC will remain about the same if your family financial situation stayed about the same-- unless you have significant student assets in your name (or if you earned over about 3K this year), in which case the EFC will go up. Other things being the same, the EFC will be split between the two students, so it will be less for each of you (thereby potentially increasing your sister’s aid).</p>
<p>BUT-- the merit-based scholarships will be considered by the schools, and will reduce your need-based aid.</p>
<p>There’s no simple answer-- a lot depends on the college you apply to-- what % need they fill, and whether they require the Profile in addition to the FAFSA. Also, remember that need-based aid includes loans, grants, and work study, so the grant portion could end up being relatively small at a particular college.</p>
<p>The EFC with one person in college is the same as when two people are going to school.</p>
<p>For instance, if there is one person in college and the EFC is 7k, that is what the expected contribution is.</p>
<p>If there are two in school, and the EFC is 7k, for each kid the expected contribution to their respective schools is 3.5k. </p>
<p>The total EFC for the family stays the same at 7k.</p>
<p>“The total EFC for the family stays the same at 7k.”</p>
<p>Yeah-- unless the new student has assets or income that increases the EFC. ANY student reportable assets will increase the EFC.</p>
<p>The OP said that the family situation was the same/would not change…</p>
<p>So that is the scenario I worked under. If the situation with respect to income/assess is different, then it would change.</p>
<p>You’re missing the point, I think. If student #2 has substantial income or assets, they weren’t considered at all when student #1 applied, and the EFC was calculated for that year. Just Parents income, parent’s assets, student #1’s income, and student #1’s income.</p>
<p>Now, when student #2 applies for aid, his/her income and assets ARE considered. So even with the same income and assets, the EFC can change if the second student has assets, or income over about 3K.</p>