<p>First, any reliable EFC calculators on the web? </p>
<p>2nd, between scholarships, work study and grants, can i expect any real package with my family netting $70,000ish but living in an area where mortgage alone for a small levit house is $25,000 per yr... any guesses?</p>
<p>For need-based aid, colleges base their awards on your EFC, which is calculated when you submit the FAFSA. The EFC goes by your family’s income, assets, etc. Unfortunately, mortgage debt and similar expenses aren’t taken into account. With your family income, it’s very unlikely that your EFC will be low enough to qualify you for need-based aid such as Pell grants. (And you need to be Pell grant eligible in order to get work study.) </p>
<p>Depending on your grades, ECs and other qualifications, you might be a candidate for merit aid. Also, if you are a URM (under-represented minority), Penn State has some scholarships specifically for students in that category. </p>
<p>FYI: Penn State is known for not offering a lot of aid, especially for the first two years - and if you are OOS (out of state), the odds are very slim.</p>
<p>okay. thanks alot. so i should pretty much expect to be paying 30,000+ grand per year? this succks because penn is my top school and at that price, it is really unaffordable. My family can support 7,000-10,000 per year TOPS. This whole process is so unfair. It really is.</p>
<p>But does anyone know a good EFC calculator online that might be somewhat accurate?</p>
<p>EFC Calculator: How Much Money for College Will You Be Expected to Contribute?
<a href=“http://apps.collegeboard.com/fincalc/efc_welcome.jsp[/url]”>http://apps.collegeboard.com/fincalc/efc_welcome.jsp</a>
Princeton University | Princeton Financial Aid Estimator
<a href=“http://www.princeton.edu/admission/financialaid/estimator/[/url]”>http://www.princeton.edu/admission/financialaid/estimator/</a>
here are two efc calculators that everyone uses. I do know of a oos student who was awarded a braddock scholarship (merit based). I honestly have not seen any info. that oos are treated any differently than any other student even with financial aid. PSu has its own calculator but it appears you need a student account to access it.</p>
<p>Son is a senior at PSU.</p>
<p>here is one link for oos students
<a href=“http://www.psu.edu/studentaid/aidprog/stategrants.shtml?reload[/url]”>http://www.psu.edu/studentaid/aidprog/stategrants.shtml?reload</a></p>
<p><a href=“http://www.psu.edu/studentaid/needtoknow/osapolicy.shtml[/url]”>http://www.psu.edu/studentaid/needtoknow/osapolicy.shtml</a>
and another general page.</p>