financial aid letter and award questions

I understand these won’t come to about 4/1.

However, can anyone help (from prior experience) on what to expect?

If we assume no merit aid, and a COA of $50,000 (OOS), and an EFC of $10,000 (many children in college at once), what should we expect?

According to the need blind admission, i expect to see $40,000 in aid. However, any guesses on whether it will be 80% grant, 10% work study, 10% loans? Or 80% loans, 10% grant, 10% work study?

Does anyone have any base line on prior years (even if different EFC)?

The college board has it 85% grants which doesn’t seem realistic to me. UNC declares it will meet need, and is one of the lowest in graduate debt, so trying to reconcile and see if UNC will really be affordable…

thanks.

Doctorzz your best bet is to run the net price calculator found on each college’s financial aid web page.

Schools don’t promise to use the Federal EFC as the baseline. That is just for federal allocations.

So if you used this, it is your best estimate at this time
https://npc.collegeboard.org/student/app/unc

thanks. I did use this and it indicates about 75% grant and 25% loan/self help which would be wonderful. however, other threads i saw seemed to indicate ‘the aid package was no where near’ the net price calculator - which has me curious (and worried). if the Net price calculator (NPC) is close, that will be wonderful. anyone have any info on previous years? Was the NPC close to what was offered? thanks…

Keep in mind that if you are self employed or own an business the NPC might not be accurate.