<p>Is there a calculator or formula that Yale uses for determining EFC?</p>
<p>It’s a very long and involved calculation. Here’s Princeton’s EFC estimator, Yale’s is probably very similar.</p>
<p>[Princeton</a> University | Princeton Financial Aid Estimator](<a href=“http://www.princeton.edu/admission/financialaid/estimator/]Princeton”>http://www.princeton.edu/admission/financialaid/estimator/)</p>
<p>Thanks for the link. Yale doesn’t have an EFC calculator anywhere?</p>
<p>My family makes 8k a year (including business income, etc), but we have a house worth $400K with no mortgage. We don’t have health insurance.</p>
<p>Would I qualify for 0 EFC at Yale, or is the $400K in assets too much? I’m applying through Questbridge, but Yale only matches applicants with 0 EFC, so I’m wondering whether I should do the match round.</p>
<p>Here’s some information about what Y considers ‘typical assets’. However, I have no idea either how Y treats assets for a low income family, or how this would work with Questbridge:</p>
<p>[Yale</a> becomes latest to boost financial aid - USATODAY.com](<a href=“http://www.usatoday.com/news/education/2008-01-14-yale-cost_N.htm]Yale”>http://www.usatoday.com/news/education/2008-01-14-yale-cost_N.htm)</p>
<p>Thanks for the info. I’ve realized that my family’s assets are atypical for my income range. However, Stanford’s website states:</p>
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<p>So even though our house is worth $400K, it wouldn’t be considered much in the calculation. Harvard also disregards the value of the principal residence. Maybe Yale has a similar policy…? Should I call to find out?</p>
<p>Luminouzz: At this point, why do you care? If you like Yale, and you are a legitimate candidate, you should apply to Yale (and also, of course, to other colleges, including Harvard and Princeton). If you get into Yale and one (or both) of the others, and it turns out Yale calculates EFC differently, trust me, Yale will match Harvard’s or Princeton’s offer. (Or, you can go to Harvard or Princeton). Or you may not get into those schools, but you get into another school that gives you better financial aid than Yale – so you’ll go there if Yale doesn’t match it. Or . . . Yale will be your best offer. In which case, it will probably be doable one way or another.</p>
<p>You shouldn’t be excluding any school right now based on how it calculates financial aid.</p>
<p>^I’m asking in case I’m awarded Questbridge Finalist status. Yale only matches QB applicants with $0 EFC, so I’m wondering if there’s a formula somewhere. I don’t want to spend time applying through the Match Round if I have a zero chance of acceptance.</p>