<p>did anyone recieve theirs yet? or does anyone have word on when they are to be arriving?</p>
<p>thanks :]</p>
<p>we should receive them at the beginning of January, which is about 3 weeks after they disclosed the admission decisions</p>
<p>yeah, I got mine yesterday.</p>
<p>I received mine today. I have been screwed. Apparently my family earning under $60k per year can afford to pay $24585 per year.</p>
<p>i got mine today. Except, I'm reallllly really confused about it. My parents don't understand it, so basically, that column of numbers, that's what we're estimated to receive right? thx!</p>
<p>I got close to $50,000/year. My family currently makes a little less than $60,000.</p>
<p>okay, so what sets silvy and gramps apart that would make their EFC so different???? arg. i haven't gotten mine yet.</p>
<p>My parents' AGI is $54k. It is slightly over the $60k point when you factor current year 401k contributions back in. My package gave me $21500 in grants and $7225 in loans. Really, the amount I have to pay is $31810 (I don't count the loans as free money). Factor out the loans and they are saying that my EFC is $24585. The only thing I can think of that could be throwing us off is the piece of land we own worth about $200k that we owe nothing on. Apparently they expect us to mortgage it. My college fund is worth under $10k and my parents other assets are worth under $100k. </p>
<p>Should it make a difference that my parents made significantly less until a couple of years ago? We also have significant medical expenses. In the end, I really don't see how that figure can be our EFC. Should I appeal when it comes time? Maybe they know that I'm willing to take on some heavy debt for them...</p>
<p>Sorry gramps but I would suggest running your stats through the collegeboards EFC calc and see what they say your EFC is. I ran it for you and assumed a couple of things (3 family size, only 1 person in college) and put zero for the things I didn't know and it came out to be around 23k EFC. I suggest you run it using accurate data and than compare it to Chicago's EFC. If there is a big difference than I suggest appealing and contacting the fin aid office asap.</p>
<p>I got 9k from them. Do loans really count as financial aid? We can not afford to pay that much. I think we make well over 150k a year, but still we can't afford 54k a year tuition. I figure we can afford 20k per year, and then i can get a 25k loan. this is the scary part of college.</p>
<p>Well, if we take out loans, the grant is 39,800/year. The loans add up to a little less than 10k.</p>
<p>I don't know what would make our EFCs different. Mortgages, # dependents in household, etc?</p>
<p>I'm kind of scared for mine, now.</p>
<p>I just got mine--EFC is a little over $15,000/yr, but Chicago is offering $31,000/yr in grants, so my personal cost of paying is comparatively minimal (under $10k/yr, with some decent loan allocations, plus I may qualify for NMSC funds, as I was a semi-finalist). My family's AGI recently was about $90,000, but my parents are both self-employed and in real-estate, and their income can fluctuate wildly (they have made comparatively little these past few years, with the market up here being what it is, and their business is in moderate debt).</p>
<p>We are pleasantly surprised--we did not expect to get so much in grants, especially considering Chicago's reputation for skimpy FA. Looks like Hyde Park is my destination for next September!</p>
<p>The difference is definitely the $200k piece of land that gramps' parents own, I'd say.</p>
<p>I didn't get any money.</p>
<p>toastmaster, that really....gahh. I feel bad for you! Is your family's annual income pretty huge? Do you have a lot put away in assets for college?</p>
<p>We have a weird story. My dad used to run a large company about 8 years ago, and was making 500k a year. They didn't expect that to stop happening, so they didn't put much away. Then after 9/11, the investors backed out, and now he's been job bouncing, making much less. My mother is also in school part-time.</p>
<p>Wow. That is really weird. We have basically nothing set aside and we're solidly middle class. I suppose they might count your dad's former employment against you guys, though.</p>
<p>Did I read on here that you are a fellow New Englander?? Not many of us get into/attend Chicago. :>)</p>
<p>Yea.. coastal NH</p>
<p>Ha, nice. I'm from coastal southern Maine, so we're probably an hour or an hour and a half apart. :>)</p>