<p>Money has never been important to me. i love my work and I have plenty to live on and have a warm house and that's enough to make me happy.</p>
<p>Except in FAFSA season when I imagine winning the lottery and never having to fill out another financial aid form and just writing a big check to the best school my son can get into --> Ta da!</p>
<p>I have been doing FAFSAs and PROFILES for my four children since 2003 and buying the book “Paying for College Without Going Broke” Princeton Review, by Kalman Chany, long before 2003. If you need to apply for financial aid, you should educate yourself on the subject. Unfortunately it seems many parents and students do not give it much thought and so are “drinking the financial aid kool aid.” They mistakenly assume they can borrow a lot more than they can, and the colleges will throw a lot of grant money at them, even with non-impressive stats. Many parents seem to research new cars new TVs, etc. more than paying for college.</p>
<p>This is my first year filling out FAFSA for two children – one will be senior next year, other will be freshman. Is the estimated EFC that is reported when we submit, now a split total. Approx 1/2 on one report and 1/2 on the other students report?</p>
<p>Each SAR will have that student’s EFC. It will be approximately 1/2 of what each student’s EFC would have been if they were the only one in college. The difference will be due to each student’s differing income and asset information.</p>