<p>i am an american living abroad. i recently applied to U of Rochester (ED). i guess my stats will allow me to just get in, since my scores lie exactly in the middle of the university's mid ranges. i don't think i'll be receiving a lot of merit aid unless bringing diversity into the universtiy plays a big factor. i guess i'll be able to pay $2000-5000 max. i know sounds insane. but do you think rochester will cover up for the deficit of around $40000-45000?
THANKS FOR ANY REPLY</p>
<p>It depends on your parents income and assets and yours (if any). Financial aid is based on your 'need' which is calculated by taking your EFC (Estimated Family Contribition) away from the school COA (Cost Of Attendance). The difference between the EFC and COA is the 'need'. However the EFC is not based on what you think you can pay but on what the EFC formula says you can pay based on income and assets.</p>
<p>finaid has EFC calculators here
FinAid</a> | Calculators | Expected Family Contribution (EFC) and Financial Aid</p>
<p>there are 2 methodologies -
federal which is based on FAFSA which is the form you complete for federal aid and also for institutional aid at schools that do nor require profile.
Institutional which is for aid from schools that require profile (which I think Rochester probably does). </p>
<p>Run your assets and income (meaning you and your parent's) through both calculators and it will give you an idea what your EFC is.</p>
<p>thanks. my EFC sums up to about $5000. so will the university and FAFSA cover up for the rest?</p>
<p>With an EFC of 5000 you will not be eligible for federal grant money but should be eligible for some federal loans and work study. See the finaid web site for information about loans and work study.</p>
<p>You will need to check the University of Rochester's web site for their financial aid policies. Some schools cover full need and others do not. Their web site should give you that information.</p>