<p>Just finished FAFSA and it indicated my EFC is $32,000. My 2 brothers also did their FAFSA and came up with the same EFC. There will be 3 children in my family in college in 2014-2015. Is the $32,000 for our entire family or do they think each of us can contribute $32,000 each year. Thanks in advance</p>
<p>The number is for each of you individually. Either your parent’s have a very high income, a lot of non-retirement assets, both of those or you made a mistake. The EFCs shouldn’t be exactly the same though, each of you three students should have at least slightly different assets and income.</p>
<p>Thanks for the quick reply. Dad makes good money, mom lost her job this year and most of assets are not liquid. Hopefully a very generous merit scholarship comes my way</p>
<p>Did you each indicate that there will be 3 in college?</p>
<p>IF so, and that is the EFC for each …and if you don’t have a lot of assets, then your parents’ income for 2013 had to be about $300k per year.</p>
<p>most of assets are not liquid.</p>
<p>edited to add…
just saw that. It doesn’t matter if the assets aren’t liquid. Do your parents own rentals? other homes? investment/stocks? </p>
<p>as for merit…did you and your siblings apply where you KNOW you’ll get merit? </p>
<p>Are you all starting as frosh? If not, how are your siblings paying for college?</p>
<p>how much will your parents pay for each child?</p>
<p>more edits:</p>
<p>*Both my brother’s were able to get enough merit aid (from their respective schools and outside sources) to cover almost 75% of COA. They rest they took loans out for or they had money saved up from working during high school and college. My older brother is a engineering major and his summer internships for the last two summers have paid for his education. My parents are unable/unwilling to pay for more than a CC in California. That is why I am waiting to see what additional scholarships I get from IU. My brother who attends IU was very lucky to get substantial merit aid and hopefully the same will happen for me.</p>
<p>If not I have been accepted at other colleges where my COA is almost entirely covered.*</p>
<p>where have you been accepted where your COA is almost covered?</p>
<p>My dad doesn’t make close to that but he has invested heavily into his company. His is unwilling/unable to liquidate assets. The University of Missouri has been very generous with merit aid and I have two outside scholarships that will almost cover COA. Not sure if I sure say thank you mom2collegekids…not exactly sure what your point is</p>
<p>oh good, you have enough merit. I wasn’t sure based on your original post. It sounded like you were still wishing for merit.</p>
<p>Does your dad own his own business? Is that where the money is invested? If so, I’m not sure if that’s supposed to be included.</p>