<p>FAFSA EFC is like 800</p>
<p>Columbia EFC is about 3000-4000</p>
<p>Penn EFC is about 11000</p>
<p>I understand each school calculates packages differently, but I wonder why Penn's is so drastically different?</p>
<p>Probably the way they treat home equity.</p>
<p>FAFSA schools don't count it at all.</p>
<p>Profile schools count it, some more than others. Columbia caps home value at 2.4 times annual income (and then deducts mortgage to get equity value). Penn doesn't cap home value, as far as I know.</p>