<p>My D has a scholarship opportunity where the EFC must be under $8000. If her EFC is 12500 and my sons is 12500 does that mean our EFC is actually 25000 or does that mean we divide the 12500 in half and she is actually under the $8000 requirement? Thanks!</p>
<p>It means it is 12,500 for each of them so 25,000 in total. The EFC formula divides the parent part of the EFC is equally between the number of students reported on FAFSA. The EFC for each student is their own EFC after the formula has already divided it.</p>
<p>Dlou, ask someone who knows the provisions of the scholarship well. I think the EFC is hers which is $12500, which puts over, but someone who knows the school and program may have some info to give you some options. I have known folks who have gotten money even though they were outside parameters of a program. Sometimes the guidelines are just that. Sometimes they are unmovable. It pays to talk to someone who knows. S got an outside scholarship that changed all the rules after he applied, to his advantage and benefit.</p>
<p>I have a slightly unrelated question, if my EFC this year is 18,000 will it remain at 18,000 for the family (9,000 for me and 9,000 for my sister) next year when my sister is enrolled in college? or will MINE stay at 18,000 and hers might be different?</p>
<p>The part of the EFC that is generated by parent income/asset information will be divided equally between you and your sister. if any part of your EFC is based on your own income or assets that is not divided between you and your sister. For instance if the 18,000 is all based on parent income/assets then it would be 9,000 for you and 9,000 for her. If 1000 of your EFC was based on your own income/asset information and 17,000 on your parents then the parent part of 17,000 would be divided between you and your sister (8500 each) but your part (1000) would stay with you.</p>
<p>It is likely your total family EFC will change somewhat next year as, even if your financial information stays identical (unlikely) the income and asset protection limits s change a little every year.</p>