<p>Hello All, First time poster. My S is a senior this year and will be applying to QB NCM. I have read various posts regarding the requirement of having efc of 0 to be matched. The QB application is due in September and the match results are out in early December. Fafsa application is only available after January 1. Therefore, Is the efc calculated by the CSS/PROFILE application that we submit in October? I have read that fafsa/CSS calculations of efc differ at times. Can someone please clarify this. Thanks in advance.</p>
<p>From what I’ve read, yes. Each college has their way of calculating your EFC and it will be based on the CSS Profile. Fafsa has no place on the application unless you are ordered to fill it out once matched/admitted to the university.</p>
<p>If you go to QuestBridge and look for the college and universities your son is interested in applying/ranking all the information you need to know will be under the app requirements and financial aid tabs of each university.</p>
<p>Now, usually if you’re income is around $40k or less you will have around 0 EFC depending on your assets. More than that would mean your son will be most likely a finalist and will have to apply to each college via regular decision. Look at the statistics for further information on that.</p>
<p>@calipretty3, Thanks for the reply. It has been <40,000 for a few years due to business losses and very little assets. My S has some savings bonds in his name. I do not know whether this would be a problem as family contribution most likely be a 0 but do not know about student contribution would make a difference. His stats are good. Decent SAT/ACT, EC’s and Leadership positions. Any information on this would be appreciated.</p>
<p>Thanks once again.</p>
<p>Hello, not sure if I am reading this correctly but my understanding is that the financial part of the app would be based on your most recent taxes, ie. 2012. You can do a trial FAFSA to find out your EFC and yes, it may differ from the school’s estimate of your EFC based on their own process. Ue the net price calculator for the school (which should give you their own EFC) and a sample FAFSA, based on 2012 taxes.</p>
<p>@momcinco, Thanks, did the trial fafsa and npc for a few qb colleges. Our EFC varies from college to college due to the small business we own and some savings bonds in S’s name. Bit worried as I have seen in various posts that a efc of 0 is required to be matched to a college. Any information on this will be appreciated.</p>
<p>efc = epc + esc , where f= family, p = parents, and s = student</p>
<p>The formats of the NPC I have found to vary. Some actually say very clearly ’ this is your EFC’. Most do not mention EFC and just give something called ‘net price’, which is the price of the college BEFORE ‘self help’ ( ie, loans, work study and other means, sometimes other means is your EFC). </p>
<p>Before they had the NPC, everyone used this one which gives an explicit EFC.
<a href=“Your Guide for College Financial Aid - Finaid”>Your Guide for College Financial Aid - Finaid;
<p>yes, I was curious about EFC and QB. The eligibility profile on the qb site talks about income only and nothing on assets and nothing on the more telling metric, EFC . One can have a 20k income, but 200k in savings and therefore not be eligible for QB. this is obvious.</p>
<p>But about someone with 23.1k parent income, zero savings, and a kid w/ 20k in savings (from bonds 20 yrs ago when things might have been rosier) which the finaid formula says epc=0, esc=1k and therefore , EFC=1k ? </p>
<p>For all practical purposes , the kid will not be able to afford college. WHat does QB say about this scenario? still eligible?</p>
<p>@idic5, Thanks, I do get efc = epc + esc but when it comes to most colleges in the qb website, mentions parental contribution of 0. They do mention about students contributing a certain percentage from their summer jobs etc.,</p>
<p>@roderick, Thanks, This is what I would like to know. Is there anyone who has already done the qb application in the past with a similar situation shed light on this. Does qb only match students with 0 EFC? (epc + esc of 0) QB encourages students with <60,000 with typical assets to apply, but match only students with a efc of 0?</p>
<p>Some schools (Yale supposedly) will match only if EFC is 0. Other schools will match without EFC of 0. I do not have concrete proof, but anyone can call and talk to the QB person at the schools’ financial aid office and ask the question</p>
<p>THe qb people (at qb) will not disclose the criteria on EFC when I contacted them.</p>
<p>WAIT- I have a basic question here. When you apply to QB, are the QB people at QB central the only people who see the qb apps …</p>
<p>for the Finalist phase?
what about for the Match phase?</p>
<p>If my parents make 40,000 a year and have 5,000 in savings would my EFC be 0?</p>
<p>kansas, do you have any savings? the 5k is your parents, right? I believe that parents get a certain amt to have in sving before the colleges seek to take it for EFC. 5k s/b so sheltered - but it depends on the age of the oldest parent.</p>
<p>My parents’ combined savings is 5k. My parents are in their 50s.</p>
<p>are you the first one to go to college in your immediate family?</p>
<p>No my dad was the first one ever in my family to go to college. I have two brothers in college right now.</p>
<p>@roderick, I believe QB selects finalists. I think out of the finalists, the students who agreed to do the college match, their applications are forwarded to the respective colleges and probably the selection of students are done by the colleges. Once the colleges are done selecting (matching) who ever the students they want and informs qb, qb at that point match the student to the college depending on the ranking the student did initially. If for eg., Student A ranked MIT, Columbia, and Rice in this order and MIT and Columbia both selected the student, the student will be matched with MIT. But as MIT is non binding, student once informed of her/his match to MIT, do not have to withdraw any other applications and can decided on a college depending on where else he/her get selected. On the other had if student A ranked Columbia as his/her top choice and MIT and Columbia both matched the student, he/she is required to attend Columbia and withdraw any other applications sent. Students who opted to do match will be matched with only one college out of up to possible 8 colleges that student initially agreed to be matched and subsequent colleges that selected the student. QB will match the student with the students top choice out of the colleges that also selected the student.</p>
<p>@roderick, I believe only qb sees the applications initially, once finalists are chosen the applications are forward to respective colleges chosen by the student for college match and rd selection.</p>
<p>thanks, ren, for the clarification. DO you know if , after the finalists are selected by qb, is there an intermediate stop to the process where the student applicant is informed of the finalist designation before sending the app to the schools (assuming that a student applicant elected to do the ncm. </p>
<p>btw, why would a student go through the rather arduous qb app and NOT elect to do the college match ? is nt this the goods the applicant is vying for?</p>