<p>I'm working on filling out CollegeBoard's International Student Financial Aid Application and the Certification of Finances. I'm not really sure what to do - my mom makes less then 16000 a year so she can't really contribute to my education. My dad makes around 70, and he has assets that are worth around a million. my parents are divorced and my dad is only willing to pay 10,000 a year toward my education. what happens if there's a discrepancy between my EFC (which I don't know how to calculate - maybe you guys can help) and the amount my parents declare that they will support me with? e.g, what happens if my EFC is 25,000 and my assured support is only 10,000?</p>
<p>If your father has a million in assets (which colleges will want 5.6% of/yr) your EFC at the schools you’re looking at (LACs using Profile) is likely going to be about or higher than the COA and you’re unlikely to get any need based aid.</p>
<p>Unfortunately, as for Americans, it doesn’t matter what parents want to pay, it’s what schools believe they can pay.</p>
<p>that makes sense. so why do they have the certification of finances? i dont really get it. what will happen if i do apply for aid? they will decline it because my dad has assets? id the would, then why do they need the COF?</p>
<p>Your question is confusing. The COF is a bank statement showing you have the funds to pay for the school.</p>
<p>Yes, if you apply for aid you would be seen to have no need and aid would be declined. The aid you would qualify for is merit aid where need is not a factor.</p>
<p>If your family can really only afford to pay $10K, the current list of schools you posted will not work. None of those schools gives anywhere near the merit aid you’ll need. You need to look at the schools that will give a near free ride for your stats. I’m not sure which schools do for internationals, I’d post on the intnl board.</p>