<p>@jkeil911 </p>
<p>yep, thanks for catching that. lol I frequently have crazy addition problems when I try to add sideways and I dont have enough fingers and toes. ha </p>
<p>so, it should look like this… (i hope!!!)</p>
<p>so if parents have a 100k income and a 25k family contribution, they will still have to pay that cost in many cases at full need schools</p>
<p>for example</p>
<p>62k COA
25k EFC
need = 37k</p>
<p>but…the 16k tuition benefit will get applied like this…</p>
<p>62k
25k + 16k family contribution (41k)
need is now $21k…so the school will provide aid (grants, loans, w/s) to meet that need, but the family’s contribution stays the same.</p>
<p>How much will your family pay each year? I have a feeling that the parents may be thinking that the $16k can be a chunk of their contribution, but it wont be at need-based aid schools.</p>
<p>=======</p>
<p>PSU is likely an academic safety, but can only be a true safety if the parents will agree to pay the rest of costs. The $16k tuition benefit will cover instate tuition. Will the parents pay the other $15k or so for Room, board, books, fees, travel, misc? </p>