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oops - s/b there (too late to edit it and it is one of the spelling booboos that most irritates me when other people do it :rolleyes:)</p>
<p>The numbers I have seen mentioned here seem to indicate that the CSS “EFC” (" " because there is no CSS EFC as such) may be reduced by around 40%. </p>
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<p>The 40% reduction is mentioned somewhere in the Profile information I have seen published by College Board for financial aid administrators. I don’t use Profile professionally so can’t speak to the “real” way it’s used, but I do know that I have seen 40% for Profile as opposed to the 50% split for FAFSA. Not sure why, but that’s the way it is.</p>
<p>As for the earlier musing about who comes up with this stuff … Congress, my dears. Makes sense now, doesn’t it? ;)</p>
<p>So from reading all 23 pages, it seems that alot of you guys are gonna have a hard time paying. I hope you were applying to outside scholarships at the same time. I have a EFC of 0 but I still applied to tons of scholarships to pay off my unmet need or loans. I already won one and by May I’m sure i’ll I’ll get some more. </p>
<p>This goes to show that that if you tried, you’re bound to get something. Its not too late now either.</p>
<p>fastweb . com</p>
<p>Good Luck & I hope you applied to financial safeties. Some doofuses at my school only applied to the Ivies & other expensive privates knowing they probably wont get in nor will they be able to pay for it. smdh</p>
<p>Thanks to all for the information.</p>
<p>The $50,000 tuition for son #1 and the $20,000 for son #2 were hypotheticals, perhaps poorly chosen. Son #1 will have the grades, test scores & ECs to possibly be Ivy potential, which as I understand means no merit aid. He could also do very well with merit aid at schools which are generous in this regard, </p>
<p>I am concerned about starting son #1 on this path when his brother’s grades, test scores & ECs, while good, are unlikley to lead to as many opportunities. I was wondering if son #1’s choice of schools and what we are paying there will affect what our EFC will be when #2 comes around and if I am understanding the responses correctly, it sounds like it will depend on the schools.</p>
<p>I was wondering if son #1’s choice of schools and what we are paying there will affect what our EFC will be when #2 comes around and if I am understanding the responses correctly, it sounds like it will depend on the schools.</p>
<p>I think you misunderstood. Your EFC for each boy will not depend on what you’re paying for child #1. Your EFC for each child will depend on your income & assets. When your EFC is determined for child #2, it won’t be different if child #1 goes pricey or goes cheaply. </p>
<p>For instance…let’s say you have an AGI of $100,000, you have modest assets, and your children have no assets/income.</p>
<p>Let’s say the first year when child #1 goes to school, your EFC is $30,000. (Doesn’t matter where he goes…cheap or expensive…with or without merit…doesn’t matter…that is his EFC).</p>
<p>Then, the next year, you file a FAFSA for child #1 and you file a FAFSA for child #2.</p>
<p>Child #1’s EFC will be about $15k (no matter the choice of schools for either child)</p>
<p>Child #2 EFC will be about 15$ (no matter the choice of schools for either child)</p>
<p>In neither case, is there ANY guarantee that you’ll only have to pay your EFC for each child. Most schools don’t meet need, so expect to pay more.</p>
<p>However, if either or both or your kids go to CSS Profile schools, they may determine something different.</p>
<p>BTW…what we were trying to tell you above, is that many schools are not going to give you extra consideration for aid, just because child #1 goes to an expensive school. AND…if child #1 is going to an expensive out of state school, that can be a problem since most OOS schools don’t help OOS students with their high costs.</p>
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If you already have a “full ride” to UNC (CH) why would you need scholarships for your unmet need?</p>
<p><a href=“http://talk.collegeconfidential.com/college-admissions/824991-class-2014-acceptance-thread-12.html#post1063928560[/url]”>http://talk.collegeconfidential.com/college-admissions/824991-class-2014-acceptance-thread-12.html#post1063928560</a></p>
<p>^^ I think mom2’s post is a little unnecessarily pessimistic, however. If S1 is Ivy-caliber, he ought to either 1) attend a full-need school and apply for aid even if you know you won’t get any for the first year, or 2) get merit scholarships. S2 should go to an in-state public unless you can afford a little more than 1.5x EFC if S1 chooses full-pay.</p>
<p>That explanation is kind of convoluted, so I’ll put it another way: If S1 goes full-pay at a generous top private, that private may calculate a “halved” EFC based on the cost of wherever S2 decides to go. The second-year hypothetical “discount” will be lower if S2 chooses a cheaper school.</p>
<p>Basically, think of it this way: generous full-need (perhaps capped-loans or no-loans) schools will recalculate your “EFC” (actually a parent contribution based on PROFILE) based on two children in college. However, in your situation, it is unlikely that both children will qualify to attend such a school. If S2 attends an OOS public, he is unlikely to receive any need-based aid regardless of calculations–he’ll simply be “gapped.” If S1 chooses full-pay, you will probably have to limit S2 to high-reach generous privates and affordable in-state or merit aid schools.</p>
<p>Keilexandra & Mom2;</p>
<p>Thank you both for the clarification and the information, I do appreciate it.</p>
<p>I dont wanna go to UNC I wanna go to UPitt and I heard they are very stingy with aid</p>
<p>Wow … you would pick Pitt over UNC full ride?!</p>
<p>I think mom2’s post is a little unnecessarily pessimistic,</p>
<p>I don’t think I was unnecessarily pessimistic. I was trying to explain that the second child’s FAFSA EFC would not be further lowered (beyond the fact that a second child is in school) simply because the older sibling was at an expensive school. Did you read swimcatsmom post:</p>
<p>Schools using FAFSA only will base their aid on their student’s FAFSA EFC. What you are paying for their sibling, whether it is $10k at a CC or $50k at an elite private school, will not factor in. Just the EFC. </p>
<p>We’re talking about whether FAFSA EFC will change based on cost of another child’s school. It doesn’t. EFC will change because of the number of kids you have in school, but it doesn’t change because one child, both children, or neither child goes to an expensive school. </p>
<p>The whole CSS thing is a different issue. :)</p>
<p>It’s useless to talk about FAFSA EFC when clearly the poster was discussing the possibility of one S attending an Ivy-caliber school. PROFILE, and how different colleges treat it, is what matters–because no FAFSA-only school meets full need. After all, if the PROFILE “EFC” changes when the FAFSA EFC does not, but the PROFILE is what “counts,” who cares what the FAFSA looks like? (A different scenario for low-income kids who qualify for federal grants, but that’s not the case here.)</p>
<p>I read “between the lines” of your post as discouraging the poster from sending her S1 to a pricey elite private. That, to me, is unnecessarily discouraging; if I misinterpreted you, then my apologies.</p>
<p>Separate question to swimcatsmom: holding all other numbers identical, how would the FAFSA EFC change/not change for 1 kid in college vs. 2 kids in college?</p>
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<p>Total EFC would not change. If only kid 1 is in college, his EFC is equal to the total. If both kid 1 and kid 2 are in college, their individual EFCs are half of the total.</p>
<p>^That’s what I thought. Thanks!</p>
<p>Total EFC would not change. If only kid 1 is in college, his EFC is equal to the total. If both kid 1 and kid 2 are in college, their individual EFCs are half of the total.</p>
<p>Very true…the EFC is not affected by the choice/price of the colleges, it’s affected by the number of kids in college (and, of course income/assets).</p>
<p>Keil…I think you’re still misunderstanding my earlier post. The mom was asking if #2 child’s school (a likely public based on the $20k COA) would further reduce #2 child’s EFC because #1 child is going to a pricey school. </p>
<p>So, I was really trying to address the question about #2 child’s EFC (the one in the public school that uses only FAFSA). That #2 child’s EFC will be affected by the fact that he has an older sibling in school…BUT…#2 child’s EFC will not be given additional reduction just because older sibling is going to an expensive school. </p>
<p>If the SAR for each child says EFC $15 ($30k total), then #2 child’s EFC doesn’t then get an extra special reduction to an even lower EFC simply because his older sib is attending a pricey school. Nor, will a public school likely even consider that issue when making #2’s child’s FA package by making more of an effort to meet need (since most publics don’t meet need).</p>
<p>^And I was pointing out to the mom that child #1’s pricey elite school would probably take into account the additional cost, making it much less pricey. IF both children were attending elite schools, the actual cost would be much lower than if they were attending those same schools consecutively rather than concurrently–because total COA is 2x while EFC remains the same.</p>
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Actually, EFC is not exactly 1/2 for each kid, if two kids. It’s 1/2 plus a little more; the “little more” is a share of any assets the kid might have in his name, plus his/her summer earnings contribution. So 1/2 EFC, plus $1500 at a minimum. :)</p>
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I would just like to express an AAAAAAAAAAAARRRRRRRRRRRRRRGGGGGGGGGGGGGGGGGHHHHHHHHHHHHHHH!!! about this topic.
Thanks, I’m done…
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<p>I fell in love the minute I stepped on UPitt’s campus. I know its ranked lower than UNC but UPItt is better for my major and what I want as a career. Plus I hate the South so I dont know why I even applied.</p>
<p>How are class sizes at PITT?</p>