<p>I got a really good need based grant from Boston college that totaled up to about 40,000 including a 2,000 subsidized loan. Now I am really happy but I just found out my dad got a raise and he will be making 15,000 dollar extra. Because of this, my families income will jump from 80,000 to 95,000!! my question is how drastically will this jump in our income hurt my financial aid reward next year? and how much in estimate will this increase my efc!</p>
<p>Since BC is a CSS school, it’s hard to tell.</p>
<p>I would imagine that it would increase the “family contribution” by about 25-33% of 15k…</p>
<p>BUT…not for next year because his 2011 income will probably only see an increase of $7k…so estimate about $3k increase.</p>
<p>However, the last 2 years of college will see larger increases.</p>
<p>Because of this , you probably need to tell your parents to prepare for that.</p>
<p>Don’t be upset…having parents make more money is a win/win.</p>