<p>So basically I read this and have no idea what it means...</p>
<p>Parents Share $40,984.00
Students Loan And Work $10,700.00
Total Resources to Meet My Net Costs $51,684.00</p>
<p>Total Resources to Meet My UC Berkeley Costs
$52,356.00</p>
<p>Sooo basically we are paying $40,000?</p>
<p>Yes, basically. FAFSA has determined that your parents can afford $40,984 and financial aid will meet the rest with a combination of loans and payments for a parttime job on campus. </p>
<p>FAFSA determines what it would cost for your family to rent an apartment, use public transportation and live modestly. Everything else is available for college payments. Savings, home ownership, cars . . . all optional choices made by the family but they can be sold and the funds made available for college costs.</p>
<p>Got a question in regards to that: on the bottom, it indicates the following:
Student Contribution $0.00
Parent Contribution $0.00
Expected Family Contribution $0.00 </p>
<p>Yeah, my EFC is 0, so what does that means if my Parents Share and Students Loan and Work has values on them? Does that mean that they took my EFC and and decide an amount that my parents still have to pay? I know that I have to do work study or something of that matter…</p>
<p>My EFC is actually 27,000 ish soooo does that mean we still need to pay 40,000?</p>
<p>@IceFire, yes. its probably because you’re out of state. (if you are)…</p>