<p>I am helping a student out with college and have a question for a college that meets full need.</p>
<p>When the efc amount is quoted, does this include all monies required by the family and the student? Or is there a parent efc and a student efc?</p>
<p>The EFC is not a sticker price, but a guideline. Schools do not have to meet need, and can charge you more than your EFC.</p>
<p>You need to check each school for their financial aid policies. Some agree to meet need (as they determine your need to be) but most do not.</p>
<p>EFC is officially the term used by FAFSA which is the Expected Family Contribution comprised of the parents and student’s portion. You can use EFC estimators to get that official number. That pretty much tells you the least that a famly can expect to pay and still get federal aid unless there is PELL. there are no schools I know of that guarantee to meet full need as defined by FAFSA EFC. Most schools just gap.</p>
<p>Those schools that do guarantee to meet full need, define it themselves, many with PROFILE. You can get some idea what costs there will be using the NPCs for each school. However, be aware if a school does not guarantee to meet full need, gives a lot of merit money, if the family has complicated finances or owns a business, that NPC can be off,as it is just an average. The amounts quoted will include all the monies, parent and student, if the info for both are requested and used in the calculations.</p>
<p>Yep, it is a suggestion. Some schools require more, some less. The Net Price Calculator can be a decent barometer. </p>
<p>However, that said it may not be close for out of state public schools. It can be way off.</p>
<p>Thank you for the responses.</p>
<p>This link might help you:</p>
<p>[Colleges</a> That Claim to Meet Full Financial Need - US News and World Report](<a href=“http://www.usnews.com/education/best-colleges/paying-for-college/articles/2013/09/18/colleges-that-claim-to-meet-full-financial-need-2014]Colleges”>http://www.usnews.com/education/best-colleges/paying-for-college/articles/2013/09/18/colleges-that-claim-to-meet-full-financial-need-2014)</p>
<p>Also - differences between need-blind and need-aware for admissions purposes. Meeting full need is a different can of worms.</p>
<p>Also check this out: </p>
<p>[Survey:</a> Students With Full Scholarships Still Pay Money to Colleges](<a href=“http://www.educationnews.org/higher-education/students-with-full-scholarships-still-pay-extra-money-to-colleges/]Survey:”>http://www.educationnews.org/higher-education/students-with-full-scholarships-still-pay-extra-money-to-colleges/)</p>