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<p>I totally agree!! At the end of the day, unless the student has a full ride merit package some where, he is going to attend Princeton for less than the cost of attending his state U.</p>
<p>If your FAFSA EFC is 6672 (with is low for an income of 65K) means that the student is not pell eligible, and is probably not eligible for state aid (with the exception of bright futures if he lives in florida, hope scholarships, or some other similar state initiative in his home state). Again, unless there is a full ride on the table, you will probably be paying this $6,672 regardless of where you go to school.</p>
<p>Even if he got a full tuition scholarship at Penn State, he would still have to pay ~10k for room board and books.</p>
<p>The current cost of tuition room and board is $47020. Op will currently have to come out of pocket with $6130 to cover room and board.<br>
I agree with M3B</p>
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<p>If student takes the 5500 stafford and works over the summer his cost of going to class, sleeping and eating at Princeton are covered. His parents can pick up the ends (books, pocket $) if they can’t pay the EFC. All said and done family is paying about $20% on a 200k education.</p>
<p>Use this as a jumping off point; how much would your family have to pay for you to attend your state u? Is the cost of attending Princeton considerably more of less? If you are paying roughly the same 10k, you got an excellent return and it is an excellent package.</p>