<p>Did anyone else have this line on their financial aid package from Wesleyan? Can someone clear up what exactly it means? Is this money that they expect me to get from family members or something? I have a fund that my aunt set up for me, but since its in her name, we didn't have to report it on the CSS. It only has $40000 in it, but if they somehow found out about it and expect me to pay $25000 a year from it, what do they expect me to do from year 2 and beyond?</p>
<p>Thanks for your help.</p>
<p>Lizzleguy,</p>
<p>It is VERY STRANGE, but the way college savings accounts are calculated into the EFC for a given year is the following: The government/institutions expect you to use up these savings to pay for your first year, and the next year, you won’t have them, so they won’t be calculated as part of the EFC, and if your income stays the same, you should receive aid. This is because need is calculated on a yearly basis. I know it makes A LOT more sense for it to be divided evenly among each year, but this is how they calculate it.</p>
<p>I would recommend talking things over with a financial aid counselor at Wes if you haven’t done so already. The counselors over there are endlessly helpful explain financial aid over the course of your entire time at Wesleyan.</p>