<p>Let's say you and your sibling will be entering college at the same time. If your family's EFC is, let's say, 30K and each university costs 50k a year, does your EFC mean that the parent is required to pay 30K annually for both students (a total of 60k) or just 15k for each student?</p>
<p>Thanks :)</p>
<p>Your family's efc on the fafsa (for each kid) should be determined by the number of kids in college (all earning 1st bachelors degrees). We have 2 in college and TOTAL efc is about the same as when we had only one. The efc for each kid is about 1/2 the total.</p>
<p>The answer to your question is $15K per each student in college</p>
<p>Thanks, leslie and mizo :)</p>
<p>And one more question: If you get a 1/2 financial scholarship, is it possible to receive a 1/2 tuition academic scholarship, also, covering the entire cost of tuition? Or is this question school-specific?</p>
<p>Most schools will use need based aid to supplement merit aid up to the level of need, but not beyond. It is common, however, for merit based aid to replace the loan portion of the need package. And it is a school-specific question -- however, the school cannot legally give the student federally subsidized benefits (subsidized loans, work study, etc.) beyond the amount of actual need.</p>
<p>I am the mother of twins, and I was wondering the same thing. But I am a bit confused. How will FAFSA know we have 2 children starting at the same time? When you fill out the FAFSA app, aren't you supposed to fill out everything for the current year (2007, for students starting in 2008)? So when it asks how many students are currently in college, my answer would be zero, even though I will have two in college simultaneously next year. Is there some way they will realize that both apps are coming from the same family?</p>
<p>From the FAFSA worksheet:
How many people in the question above will be college students in 2007-2008? (Q67)
Always count yourself. Do not include your parents. Include others only if they will attend college at least half time in 2007-2008 in a program that leads to a college degree or certificate.</p>
<p>You will have two kids in college next year so the answer is 2.</p>
<p>When you do the FAFSA calculator, you will enter the number of students in college for your family. The calculator will give the EFC for each student you calculate. SO...if you indicate that there will be two in college for Child A...and the EFC is $20,000...that is the EFC for THAT child. Then you do the calculation for child B and the EFC is $20,000 for THAT child (you have already indicated on the FAFSA that you have two students enrolled in college). The EFC is NOT 1/2 of $20,000.</p>