What contributes to the EFC?

Pea
Wed, 27 May 2009 13:58:42 +0000

I can speak in broad strokes but maybe not to your particular questions.

In addition to the FAFSA there is also the CSS Profile that some colleges use to determine eligibility for financial aid. We filled them both out this year for our daughter and judging from the questions they’ve seen all the tricks and you can’t get around anything. As a student you are expected to pay what you can before the school will give you aid. Your parents will be allowed to keep some threshold of savings before the school starts tapping into it. If you feel like you need money you aren’t getting you are not alone, we ultimately didn’t qualify for any need based assistance. But in the end the important thing is that you get your education, not where the money comes from.