<p>How do I convert my EFC point score into what I need to pay?</p>
<p>You can’t.</p>
<p>EFC is just a number that colleges use to determine what FEDERAL aid you qualify for. And, federal aid isn’t much.</p>
<p>The words Expected Family Contribution (EFC) is a misnomer. It doesn’t tell you what you have to pay. At many schools, a student has to pay much more.</p>
<p>Schools do not charge a “sliding scale” based on EFC…which unfortunately the words (wrongly) suggest.</p>
<p>Where did you apply? What was your EFC? What state are you in?</p>
<p>It doesn’t work that way really…the EFC can only tell you if you’re eligible for certain types of federal aid, like Pell, and sometimes state aid. If you’d care to post your EFC, your state, and your intended school, we may be able to help you determine what your award package will likely consist of.</p>
<p>Our EFC has been stated as 10815.
DS is thinking of attending Duquesne University in Pittburgh PA.
We are Ohio residents.
The FAFSA already states we aren’t eligible for the Pell grant, altho I knew that’d be the case even before filling out the FAFSA. But not sure what other kinds of aid might be available to us. Of course I’m sure they’re gonna let us borrow money via loans, but the free money is always best.</p>
<p>Has he been accepted yet? If so, did he get a merit scholarship? One of my kids applied there several years ago and Duquesne offered average to good merit aid but almost nothing in need-based grants. The entire award package still put the grant/scholarship aid at around 40% of COA (around 60% with student loans, work study, etc.) and there was a gap above our EFC for which we were offered a Parent Plus loan 
…luckily, she had a good financial safety! College Board is reporting their average FA package to be $21K, so that should give you some idea of what to expect though you can probably raise that a bit if he got a big merit award.</p>
<p>My son applied to Duquesne this year too. What you will be entitled to get is financial and merit aid up to the COA ( cost of attendance) minus your EFC. That is “UP TO” and does not mean you will get that much and given Duquesne’s policies it is highly unlike you will get that maximum amount unless your student is one of the students the college wants most. Your student can get up to $5500 in Stafford Loans ordinarily with a portion of that subsidized. S/he might get other federal monies if Duquesne subscribes to those programs and if the money holds out. Those programs are the Perkins Loans and SEOGH. Look at their merit awards and see if there are any that look like your student can get. I know someone here who did get about $10K in those awards who was not a top, top college candidate. For the most part, the kids I know who were accepted there did get about half their need met in student loans, work study and grants (merit or need) and the parents were introduced to PLUS to make up the difference. </p>
<p>If I remember correctly, though, Duquesne’s COA is a bit more reasonable than a lot of private college’s. We are hoping that the sticker price will be about $35K for our son without loans and we did tell admissions that. They seemed to think it was possible. Still up there, but doable with both son and us taking out about $5 K in loans apiece, and for him to throw in about $5K from his savings from summer work. He also expects earn about $2K during the year for living expenses and get about $500 in gifts and other things. He is also working this summer to he’ll have those amounts up front to sue. That would leave us $17, 500 to pay out of earnings and our savings.if we keep our loan amount to that $5K figure. Just doable.</p>
<p>if college covers 100% of financial aid and the efc is 4300 does it mean I only need to pay 4300? also, I did ED. I have 30k in scholarship. the total cost for college is 56k. I never got an estimate from the college yet. can someone help give me an idea of what i’m gonna have to pay?</p>
<p>With a 4300 EFC you may receive a small Pell grant (Congress is messing with the Pell grant for 11-12 right now, so it will be small or none, but not sure how much). You will also receive Stafford loans ($5500 - you’ll probably qualify for the maximum $3500 subsidized/$2000 unsubsidized mix). The college MAY also award you work study and grants to bridge the gap between cost and need. However, they may not. The only way to know for sure is to wait for your award letter.</p>