dad makes 65k, mom doesnt work, 5 kids, 2 in college, how much finaid should i expect

Paying for College
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<p>yes – you are right, family of 7. that will drop the EFC, of course. but still – I just don’t see that the strategy would work.</p>

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<p><a href=“http://apps.collegeboard.com/fincalc/efc_familysize.jsp?updateID=2[/url]”>http://apps.collegeboard.com/fincalc/efc_familysize.jsp?updateID=2&lt;/a&gt;&lt;/p&gt;

<p>This is what I used FM. In fact, I put in straight $65K, no deduction, no 401k, no asset. I only put in one parent(no room for the second), 2 kids in college, no asset because of form 1040EZ.</p>

<p>OP, please run the number yourselves, only you know the specific of your situation. Most people do not know that if you file 1040EZ, asset does not count. I did not know that and I’ve been reading CC for a long time.</p>

<p>Cornel2012 posted that her family income is less than $60K and she nearly got full ride this year. So it is possible.</p>

<p><a href=“http://talk.collegeconfidential.com/cornell-university/461621-full-ride-cornell.html[/url]”>http://talk.collegeconfidential.com/cornell-university/461621-full-ride-cornell.html&lt;/a&gt;
I know this is new this year, but I don’t beleive with your family has to pay anything even before the new financial aid policy.</p>

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<p>Even full need schools sometimes would sometimes expect more than a third of EFC. My S attends a full need school. When I have 3 in college they will generally expect 40%.</p>

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<p>Sorry for the confusion. It’s a family of 7 (5 kids)</p>

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<p>Depends on where you go; schools that meet 100% financial need (top 20-30ish), free.</p>