<p>What I could never figure out about the FA formulas, was that say you had $60K saved for your kid's education. You have an EFC of some huge amount and get no FA. What are you supposed to do? Go ahead and attend the school, pay for one and a half years and then, what, HOPE that you get aid to carry you through the next 2 and half years?</p>
<p>Another reason we opted for a 4-year guaranteed Merit Aid scholarship (assuming a 3.2 GPA).</p>