<p>My DS is accepted to 3-4 colleges that require CSS for financial aid. I made a mistake earlier on FAFSA and now after I filed my tax 2010 tax return that our EFC from the corrected FAFSA has increased to just over $60K. Since we're not gonna receive any financial air as a result of the higher EFC, are there any reasons to send in CFF which is a lot more lengthy to file (I'm exhausted after tax filing and FAFSA correction), not to mention it costs money to send?</p>
<p>Thanks in advance,</p>
<p>Some here would say that you should file just in case your situation changes in the future. </p>
<p>Is it likely that your financial situation could drop in the future? </p>
<p>Which schools did your child get accepted to? If they are schools that give super aid (Harvard/Yale/Princeton/Stanford), then you might get some aid. However, it doesn’t sound like you would get aid from other schools, but you can certainly try.</p>
<p>Are you prepared to pay full-freight for your child?</p>
<p>mom2,</p>
<p>Thanks, the private schools that DS got accepted into are Case, Tulane, Emory, and Rice, the latter two being full-freight. </p>
<p>I actually do anticipate the EFC to decrease in the next two years. But couldn’t we just reapply then when that indeed is the case? If we don’t complete the process this year, then that disqualifies us in the subsequent years?</p>
<p>I don’t think we are picking full-freight schools, though, unless Rice and Emory give us something other than loan (day dream…). The drop in EFC won’t really amount to something substantial.</p>
<p>I actually do anticipate the EFC to decrease in the next two years. But couldn’t we just reapply then when that indeed is the case? If we don’t complete the process this year, then that disqualifies us in the subsequent years?</p>
<p>Call these schools and ask. Some have a policy of not giving aid if you don’t apply the first year…some don’t.</p>
<p>Also…and others can expand upon this…some find that a drop in EFC during a later year does not mean more aid later…especially at schools that don’t “meet need.” Schools seem to be very motivated to give the best packages to incoming frosh (to get them to commit), but once you’re a student, they don’t have the motivation to increase aid that much. </p>
<p>And, of course, if any of the schools don’t meet need, then you may not get any additional consideration in later years even if the EFC drops a good bit.</p>