<p>Do private colleges reveal what % of the parent's income is expected for contribution to college? 4 people in a household, 1 in college, with an AGI of around 70,000?</p>
<p>I'm just trying to plan my budget so I can actually contribute that %.</p>
<p>Priscilla</p>
<p>All college websites have a program that you can click on to determine the estimated cost of attendance.</p>
<p>Pinklady, AGI is just one component in the formula. Like KKmama says, go to the college websites and look for the Net Price Calcluator (NPC). My oldest is a high school senior, so I can’t speak from experience as to how accurate the NPC’s are. Good luck.</p>
<p>Use the NPC’s one each schools’ website. Most schools don’t meet need.</p>
<p>And, not only income is considered.</p>
<p>So does NPC show how much of my income I am supposed to use for my son’s college? I just want to be sure that my budget is organized around that number.</p>
<p>For example, do they estimate that 10% of my AGI should be used for his college? I know they use the EFC from the FAFSA to determine his award so should I be looking at the FAFSA computation to get that number?</p>
<p>The NPC is going to spit out the FA results and leave you with a balance that you’re supposed to pay.</p>
<p>it might say something like this:</p>
<p>COA = $60k</p>
<p>Grants = 30k
loans = 5500
work study = 2500</p>
<p>total aid = $38k</p>
<p>$60k COA</p>
<h2>$38k aid</h2>
<p>$22k family contribution</p>
<p>parent contribution = $18k
student contribution = $4k</p>
<p>In the above possible scenario, the expectation would be that you, the parent, is supposed to pay $18k. The student is supposed to pay $4k from savings, summer job, etc. </p>
<p>Does this clarify?</p>
<p>keep in mind that it sounds like this school doesn’t meet need, so a FAFSA EFC isn’t going to tell you much.</p>
<p>Does S1 attend a school that uses CSS Profile?</p>
<p>PinkLady…I am confused. Are your kids in college NOW? Or is one enrolling in the following year? Your other thread seems to indicate that at least one kiddo is in college now. If that is the case, look at thee hat you owe the school after financial aid is deducted from the cost of attending. That is what this school expects you to pay.</p>