<p>I just read a useful little book called "Don't Miss Out- The ambitious student's Guide to Financial Aid." Two interesting points about FAFSA and EFC. One, they use the mandatory federal methodology to determine if you meet the threshold to qualify for federally aid. Two, the methodology allows money just above the poverty level set by HHS for the family to live on, making the EFC unreasonably high for an average family today. But many colleges use the EFC to determine what a family can pay for school, or at least begin that process. Doing so seems to me an unintended mis-use of the EFC, but of course it's not likely to change anytime soon. But aren't colleges sophisticated enough to know the difference between EFC and the real world?</p>
<p>With over 3 million college aspirants this year, I don't think the colleges have to be too concerned with the EFC. Besides, college is NOT the real world.</p>
<p>"federally funded aid" .Sorry for the typo.</p>
<p>the purpose of the federal financial aid program is not to give money to all kids to attend any college they want.
It is to ASSIST in reaching the goal of a College education. Not an Ivy league, or prestigious school education.
Most people who qualify for financial aid will get real help to attend their community college and/or local state university.
For those who choose not to real their college education goal in that manner may certainly choose a private school or a school in another state. This is where many students need help from the college and/or their parents.</p>
<p>It is all about you and your families decision - how do you reach the goal and what sacrifices will you make to get there?</p>