<p>Hello I am a student at 4 tier college.</p>
<p>I would like to transfer to top 20 colleges.</p>
<p>Is there any chances that i can get my full need met? Or take a debt no more than 10-20K,</p>
<p>because i have med school in the future.(hopefully)</p>
<p>Family income 100k+.(+1 sibling going to college)</p>
<p>There are schools that promise to meet need with low/no loans. Are you talking about your FAFSA/Profile need or what you perceive to be your need? You have to be clear about what will define your need, if their guarantee extends to transfer students, and if you’re a likely candidate for acceptance!</p>
<p>[Project</a> on Student Debt: Financial Aid Pledges](<a href=“http://projectonstudentdebt.org/pc_institution.php]Project”>http://projectonstudentdebt.org/pc_institution.php)</p>
<p>If you mean “get my full need met” in the technical definition of need: COA - EFC = Need; then the yes, you will in all likelihood get your full need met.</p>
<p>If need to you means a full ride, then that is very unlikely.</p>
<p>If I get into Cornell University which cost approximately 50 grands a year.
But my parent will give only 5k.</p>
<p>But I really want to go to top college, is there possibility that they Their full met my need(Pay for my college) and I work for them and will take a debt which will not exceed 10-20 grands.</p>
<p>For Example at Rice U. </p>
<p>If you cannot afford the University, You work for it and take the loans which will not be more than 10k by graduation?</p>
<p>This depends entirely upon your expected family contribution which is a calculation outside of your control. Go check out the EFC estimator at Collegeboard.com. Then do the following…</p>
<p>From a blog post…</p>
<p>First of all, you need to estimate your expected family contribution (EFC). There is a calculator at Collegeboard.com that works fairly well.</p>
<p>Now we need the cost of attendance (COA) from the schools you are interested in. Each school will have a different cost of attendance. This can be found at the colleges websites, Collegeboard.com, Kiplinger, or a dozen or more other websites.</p>
<p>Subtract the EFC from the COA to find out what your financial need (FN) is at each of the schools. The formula looks like this </p>
<p>COA - EFC = FN</p>
<p>Now multiply the financial need at each school by the schools financial track records: % of need met; % of gift aid; % of self help. This will provide you with how much money the school is likely going to give you, and consequently, how much you are likely to pay at that college.</p>
<p>And Voila! You now have a fairly accurate estimation of your out of pocket costs and at each of the colleges. You can now see which schools are generous and which are not. Youll be surprised. You are proabably going to find out that some of the schools that look cheaper in the beginning will actually wind up costing the most in the end.</p>
<p>Are you a US Citizen? Your command of English suggests you’re not. What your parents will give you has nothing to do with what the college will calculate your need as. They will do this in the same way as your current university - with financial information about you and your parents that you’re required to supply. Work study grants do not often exceed $5,000. Many schools also have a required student contribution - they expect you to work during breaks and the summer to come up with this money. </p>
<p>You can find the details of each of the no/low loan schools guarantees by reading them at the link I provided. If you are an international student, they may not apply to you.</p>
<p><<<<<for students=“” with=“” family=“” incomes=“” between=“” $75,000=“” and=“” $120,000,=“” after=“” the=“” covers=“” any=“” efc=“” student=“” takes=“” loans=“” of=“” up=“” to=“” $3,000,=“” program=“” remaining=“” budget=“” work-study=“” grant=“” aid.=“”>>>>>></for></p>
<p>Can someone explain me what mean “covers any EFC”</p>
<p>It mean I will work for them up to $3.000 and they pay rest of all my tuition?</p>
<p>Meeting full need means they pay what *they *consider to be your need after you and your family pay their contribution based on their income and assets. You do not get to choose what your need is. With a family income of $100k they family would be expected to pay an expected family contribution of several thousand dollars - the fact that they only want to pay $5000 is irrelevant as the contribution is based on their income and assets, not what they are willing to pay. </p>
<p>So your parents will have to pay the contribution based on their income/assets, you will have to pay the $3000, the amount over that is your ‘need’.</p>
<p>1-Find schools where your records place you in the top 25% of the student body; look in Princeton Review or somehing similar</p>
<p>2- using the USN&WR Bog Book, get data opn the % of students receiving merit aid and the average award</p>
<p>3- apply to schools you like, where you’re in the top 25% and that have a history of giving lots of merit aid</p>
<p>For example, at Oberlin 17% of the students get an average of $10k; at U Rochester 33% of the student received an average of $9k</p>
<p>Kei</p>
<p>If you file FAFSA and Profile you will get your EFC. Cornell, Rice, and several hundred other schools use the Profile EFC for aid given by their university. As swimcatsmom said, the EFC is the amount they expect your family to pay regardless of whether they want to or are able to pay it. </p>
<p>Then you would take a student loan for $3,000 - this is not work you’re doing for them. It’s a loan you would pay back after you graduate (or before if you can). Then the school will cover the remaining cost with work study (this is the job you would do on campus and earn money for) and grants, which you do not have to repay or earn. Work study money is not paid up front - it’s like any other job and you get a paycheck.</p>