<p>I’m not sure if I truly under stand what “100%-need meet” means.</p>
<p>I’m considering going to Middlebury, which is $42K/year!</p>
<p>My mother makes under $50K/year. My parents are divorced; I live with my mother.</p>
<p>Total Estimated IM Contribution = $ 4,785 (On collegboard, EFC calculator)</p>
<p>I don’t know if these 2 topics correlate, I dont know if my thread makes sense, but about how much will it be?</p>
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<p>If Middlebury determines your need to be $4.785( or $____ the $4,785 figure sounds low- students are usually expected to contribute $2,000-$3,000 from summer earnings and I expect that they will assume your parents will each be contributing at least that much)- then the amount between that figure and what it costs to attend will be met with a combination of grants, loans, and work study.
Is that including your fathers contribution? as stated above Middlebury expects both parents to contribute.</p>
<p>4,875 sounds about right, actually.</p>
<p>My parents make about 85 grand a year and our EFC is roughly 10,000</p>
<p>we make $60,000 and our EFC is $14,700</p>
<p>Thats great if your school accepts that your EFC is lower- however if it hasnt been verfied and accepted by the school- don’t be surprised if they find your ability to pay is more than that</p>
<p>So I won’t have to pay like 45k/year?! Only like 5K/year (not including my dad yet)?! So the 40k, the government/Middlebury/someone else pays? If you get a summer job, does it go up?</p>
<p>Some of your aid may be in loans (which have to be paid eventually). You will be expected to contribute from your summer earnings, so your aid will not be decreased by your summer earnings unless you earn a huge amount. Usually they assume you will contribute around $2000. from summer earnings. Each school determines your EFC, so take the calculator EFC with a grain of salt. (That being said, our EFC was within a thousand dollars at all schools DD applied to.)</p>
<p>So do I still have to pay the 40K…just not up front, but like in loans?! (noo!!! lol)</p>
<p>no
say your EFC after your fathers income is taken into account is $10,000
( part of that is assuming you will contribute $2,000 from summer earnings)
if the price of school including small amount for student costs etc is 42,000- your bill will be $10,000.
This could either be paid at once- or more commonly half fall semester- half spring semester- or if your school subscribes to a tuition management service- they will handle the bills and you pay them. Example you could break it into 10 payments- beginning in July-of $1000- TMS will handle disbursments to school.
Also if your parents have loans- payments for current year will not begin until the 2nd payment has been disbursed- so even though fall loan payment has been sent to school- your parents don’t begin paying back the loan until January when the 2nd payment is sent.</p>
<p>SWEET! Does brown have the same policy?</p>