<p>Do colleges take into account if you already have family members in college, and paying for them with no financial aid? My parents make over $100,000/year, but paying for my brother and sister has put them in a little delima. It is about $45,000/year for both goin to in-state colleges. Would I have any chance of getting some Aid?</p>
<p>The FAFSA formula to compute EFC for students does take into consideration students who have siblings enrolled as undergraduates in college at the same time. Some schools also consider grad school sibs enrolled in college at the same time. </p>
<p>As an example...if your family EFC for ONE student in college is $60,000, then if two are in college at the same time, each would be about $30,000 EFC, and with three $20,000...about. There is usually some difference as each student's assets tend to be a bit different.</p>
<p>NOW...what the colleges do NOT consider is students who are no longer IN college when you are there. SO...if one of both of those siblings has graduated, they are not considered in the calculations. Only siblings enrolled concurrently are considered.</p>
<p>Will this mean you'll get a ton of financial aid? Not enough information. A lot depends on the financial aid policies of the colleges and the %age of money they award students. Most state colleges do not meet full need at all. You might get aid and you might not.</p>
<p>Is that what you are asking?</p>
<p>Thumper pretty much covered it, although I don't know if they care about how much aid your siblings received. It really will vary, each college covers what percent of your need is differently. If you go to the same college as a sibling, some also have "siblling" discounts.</p>
<p>I will have one child in grad school next year and two in undergraduate. How does FAFSA calculate EFC for the undergrad children?</p>
<p>Policies vary from school to school. Some schools may consider having a child as a grad student, while others will not because the grad student is considered an independent student as far as FAFSA and FA is concerned. In addition the grad student can now borrow up to 20k per year in sub and unsubsidized stafford loans.</p>
<p>there are a number of other threads that discuss this topic:</p>