<p>EFC is $70,000. I know that's really high but my dad said we can't afford paying 50k a year for private schools. i'm applying to... Penn, JHU, Villanova, Cornell, CMU... I did apply to and received merit aid at some schools already, but i really like these schools the most. </p>
<p>So is there any way i can get financial aid at any of these schools? </p>
<p>this suckss</p>
<p>Not with that EFC, no.</p>
<p>If your EFC is $70,000, you more than likely will not qualify for need based aid as that is exceeds the cost of attendance at most schools. An EFC of $70,000 would indicate an income in the close to $250,000 per year range...and/or very significant assets. However, you will qualify for an unsubsidized Stafford loan by completing the FAFSA. </p>
<p>Congratulations on those merit awards.</p>
<p>ack, I looked into your past posts. If your sister's schooling is really 48k (is that high school?), then there are some colleges that I think take private school tuition for siblings into account, even if it is not college. You might want to check on that. You might be eligible for something. Thumper or others, if you know please tell us. My guess is that some of the profile schools are the ones that will consider your sister's private hs tuition bill.</p>
<p>Also are there any special circumstances that won't allow your parents to pay 50k per year with an efc of 70k? In other words, other than the very high costs for your sister, are there other fixed bills that a school might consider (ie: high medical bills not covered by insurance, paying for a grandparent in a nursing home)?</p>
<p>Hmm...there are some schools that consider the costs of private high school for siblings when computing institutional aid funding. BUT I'm going to stick my neck out here....with a family income that likely exceeds $250,000 a year, I don't think this student is going to receive a LOT of need based aid...anywhere.</p>
<p>yeah this is disappointing. my sister's tuition is 12.5k a year... she's a freshman this year and mine was about 14k a year for the past 4 years. also, my mom's company was just sold so her pay is now basically cut in half. i also lost a lot of money that was saved in my 529 savings plan. </p>
<p>that EFC was from FAFSA too.</p>