EFC + divorce parent

Paying for College
1

<p>I was wondering if there was a way I could see how much my parents will be expected to pay?
My Dad doesnt live with my family and I was wondering if there was a sort of efc calculator for the other parent aswell.
Also, I have two questions:
When my mom fills in how much of the house is paid off, should she only write that she owns half the house and my dad owns the other half or should she write the whole amount and my dad says none of the amount, or what?</p>

<p>Also, if my mom or dad owns some stock, is that taken into consideration for financial aid?</p>

2

<p>The's a great article on The High School Blog about divorced parents</p>

3

<p>There was a whole page about this in the book How to go to College Without Going Broke....or something like that from Princeton Review. It should help. It really is a great book that can help you understand this crazy process.</p>

4

<p>Google "efc calculators". You'll get a bunch of hits with helpful information and answers to your question.</p>

5

<p>finaid has a good EFC calculor
<a href="http://www.finaid.org/calculators/finaidestimate.phtml%5B/url%5D"&gt;http://www.finaid.org/calculators/finaidestimate.phtml&lt;/a>
Whether you have to report both parents depends on whether you are going to a FAFSA only school or a school that uses Profile. FAFSA only requires the financial information of the custodial parent (and spouse if there is one). Profile requires the financial information of the custodial and non custodial parents and their spouses.</p>

<p>FAFSA does not require you to report the primary home as an asset. Private schools may. Most other assets have to be reported. Cash in the bank, Investments such as stocks all have to be reported. Money invested in retirement accounts such as IRAs and 401Ks do not have to be reported on FAFSA but may have to be reported for profile.</p>

<p>Finaid.org has excellent information on the whole process.</p>