<p>My EFC is 5250...if I get accepted to Brown, what does this mean?</p>
<p>Grants, loans?</p>
<p>bump this</p>
<p>up</p>
<p>it means you will be expected to pay $5,250 and brown will make up the rest in grants, loans and work-study, if they meet need, which i assume they do.</p>
<p>my EFC was 31,000. Brown wanted me to pay 38K. Which was at least 8k more than Penn, Duke, Northwestern, Notre Dame.</p>
<p>What are the chances I'll get mostly grants, and low loans?</p>
<p>First of all, Brown uses profile. That means that your parent's contribution will include part of assets (if they have any) that EFC doesn't count, like home equity. Second, the EFC is your parent's contribution, yours is seperate and will probably include work study, summer job and subsidized loans. All ivies cap student loans at reasonable levels.</p>
<p>our EFC was something ridiculous like 65000 but we still qualified for up to 40000 a year in PLUS loans at W&L; my point is tha even if you qualify for 0 need-based aid, most universities have "preferred lenders" to which theyll refer you for large, locked in (8%) loans paid back by your parents.</p>