<p>I know how to find the 'Average financial aid package' for most schools, but what I want to know is this: What is the average financial aid package for students under the poverty line? My parent's salary was under 15k this last year. How much difference does it make? Is there a website like this one, but for 'poor' people?</p>
<p>In case you're wondering, I'm looking at DePaul University.</p>
<p>Unless your parents (or you) have significant assets, you'll likely end up with a low or 0 EFC (Expected Family Contribution). If accepted, the college will put together a financial aid package that will include grants, loans, and work study to cover most (probably not all) of the full cost of college. You'll get a better financial aid package than applicants with higher EFC's (and generally, higher incomes).</p>
<p>Nope, no assets, either. Heh.</p>
<p>Don't expect colleges to cover the costs up to the EFC amount.</p>
<p>My D who is in 2nd year of college had low EFC - she was accepted to 6 colleges - only 3 provided grants/scholarships/student loans to the max. Two were MA state schools and the other was Florida State.</p>
<p>The 3 schools who did not provide to the EFC were Wheaton (not even close), Florida Gulf Coast (unless I wanted to take out a $23,000 PLUS loan) and Providence College.</p>
<p>If three of the six colleges met full need by providing aid packages that covered the difference between full cost of college and the EFC, that's pretty good!</p>
<p>Our EFC is 0. I just got the results back.</p>