<p>College</a> Costs For Your Family - YouTube</p>
<p>Simplistic? maybe? but might be a help to a few fellow CC posters?</p>
<p>It’s good, but it should stress that many schools can’t meet need and the families will get “gapped” even if there is need.</p>
<p>Also, even the schools that do “meet full need” add an ESC (expected student contribution, typically $4,000 to $10,000 that the student is expected to cover with work earnings and/or direct loans) to the EFC to get the net price after subtracting financial aid grants (not loans) from the list price.</p>
<p>^^
that is an important point, because some mistakenly think that the child can work or borrow to put towards the EFC, when FA pkgs already include full loans and WS to go towards need, and summer earnings are going towards the “student contribution”.</p>