<p>I really need to find out before january 1st.
Im going to go to SLU (thats like 38k)</p>
<p>I am dependent, and single. 2 parents.
My dad last year made 146k.
We have no savings.
Bought a house 3 years ago, i think my dad pays about 40k a year to pay off the loan.
7 people in the family (6 dependents)
1 other kid going to college (sister goes to st louis college of pharmacy 32k)
No equity, No other loans, No worksheet A/B/C stuff...
I have a 6k ignition scholarship for every year.
My dad says he is only going to give me 10k a year. :( unless i bring the tuition down to 20k.</p>
<p>Ruthless, you need to contact SLU or read their common data set to see the %age of aid they typically award. I couldn't tell...but it doesn't look like they meet full need for all students. So...awards may vary from student to student. Running an EFC from one of the calculators will give you a minimum of what the school will expect you to pay. However if the school doesn't meet full need, you could be paying more than your EFC to attend the school...meaning that your award will not fill the difference between cost of attendance and your EFC. If there is an EFC calculator on the school website, you might want to use that one.</p>
<p>Have you already been accepted?? Are you currently a student there? Why do you need to know by January 1?</p>
<p>I need to know by jan 1st because my dad is telling me to get an estimate be4 we fill it out. He filled one out for my sister and got absolutely nothing. (i think he was diong sumthnig wrong) I am not attending SLU yet. And i tried the EFC caculator but i don't understand it. It says family contributions: 17,014... does that mean we only pay that much?</p>
<p>Ruthless Pheonix,
How much SLU will give you will depend on their financial aid policies. One important thing to find out is whether they say they will meet a family's full need. This information should be on their website, or you can find it in the college profile from college board.</p>
<p>your efc means your family will be expected to pay that much. Cost of attendance - EFC = Need.</p>
<p>But there is no guarantee the school will meet all your need.</p>
<p>Your efc is expected to be paid out of savings, income and loans (if necessary).</p>
<p>Your EFC is NOT dependent on how much a school costs. So if you were going to a school that costs 20K total, your EFC would be the same.</p>
<p>EFC can be different for Federal or institutional methodology. Do both and see what number you get. Clue, when they ask about your home equity, your number will be higher (most people have some equity in their house. Unless you owe more than it's worth)</p>
<p>with an income of $146k I'm not sure you will be getting all that much financial aid, even with 6 dependents. My income is half that and my daughter gets about 16k a year.</p>
<p>USNWR I think lists SLU as second highest in debt load carried by students; so I guess they don't meet full need and students take out extra big loans? USNWR says 68% graduate with debt and average debt is $34,538. Is it possible to go to a different school? I hate to think of students graduating with that much debt!!!</p>