<p>What sort of aid can my daughter expect if she transfers to USC as a JR for theatre, family of 4 according to CSS profile our income adjusted gross is close to $90,000?</p>
<p>Does usc have a rep for meeting need for transfer students???</p>
<p>University of Southern California guarantees to meet 100% of USC-determined need using the CSS/Profile for all domestic students, including transfers.</p>
<p>Use the Institutional method calculator available at the College Board website (the SAT people) to get a rough estimate of how much you will be expected to contribute at a CSS/Profile school.</p>
<p>More info: [USC</a> Financial Aid - Applying & Receiving Financial Aid - Undergraduate - New Students](<a href=“http://www.usc.edu/admission/fa/applying_receiving/undergraduates2/newstudents.html]USC”>http://www.usc.edu/admission/fa/applying_receiving/undergraduates2/newstudents.html)</p>
<p><a href=“http://talk.collegeconfidential.com/university-southern-california/839970-faq-usc-financial-aid-2010-a.html[/url]”>http://talk.collegeconfidential.com/university-southern-california/839970-faq-usc-financial-aid-2010-a.html</a></p>
<p>If you are asking about the other USC (South Carolina), I do not have information about their financial aid.</p>
<p>Catlover…</p>
<p>Your family will likely be expected to contribute about $16-18k per year (more if you have a lot of assets).</p>
<p>So, the aid package could be substantial…about $30k in grants, $7500 in a student loan, $2500 in work study.</p>
<p>Since your D is majoring in theatre, it’s not a good idea for her to take out much in loans because in that line of work, employment is spotty.</p>
<p>Please remember that no one can give you an estimate of how much you will be expected to contribute based on your income figure alone, especially at a CSS/Profile school - each of them uses their own formula to determine need. USC, for example, will consider your home equity in figuring your need.</p>
<p>Use Institutional method Calculators or pick up a copy of “Paying for College Without Going Broke” to get a rough estimate.</p>
<p>True…</p>
<p>I used an online IM calculator, with modest assets, and got that estimate. However, like I said, this was an estimate and would also be different if assets are high.</p>
<p>Expected Family Contribution (EFC) Calculator Results</p>
<p>This page presents an estimate of your Expected Family Contribution (EFC) and financial need using the institutional methodology.</p>
<p>Estimated Expected Family Contribution (EFC):
Parents’ Contribution 17088
Student’s Contribution 1000</p>
<p>TOTAL ESTIMATED FAMILY CONTRIBUTION: 18088</p>
<p>I’m guessing that the student contribution is summer job earnings or similar.</p>
<p>The problem is your estimate does not reflect what this particular person will be expected to pay - you have no way of knowing what else they may have on the pages and pages and pages of CSS/Profile. Home equity alone could add as much as $10,000 to that figure. </p>
<p>The OP themselves should do the calculator, because only they know the figures to enter that apply to *their *situation.</p>
<p>Very true… :)</p>
<p>That’s why I made the comment about assets.</p>
<p>This was just an estimate based on basic info…income, family size, modest assets, modest home equity. A very basic situation.</p>
<p>You’re right, if they have a more complicated situation, all bets are off and they really need to do the calculator with all their numbers. 
</p>
<p>But, if they have a simple financial situation, then I wouldn’t be surprised if their family contribution is around $18k (plus or minus a few thousand)</p>
<p>
The OP did not provide asset or equity information, so the estimates are not useful for this individual.</p>
<p>If 100 students with an approximate income of $90,000 and a family of four apply for aid at USC, they will receive 100 DIFFERENT aid packages based on the information contained in the CSS/Profile, FAFSA, Parent tax returns with all schedules, student tax returns with all schedules, an estimate of home value, and additional information that might be requested by USC. They will not put together a package based on approximate income and family size.</p>
<p>To give this OP the idea that they can expect a $30,000 grant from USC when you have absolutely nothing to back that up is irresponsible, and I will continue to repeat that information for the benefit of the OP regardless of the number of smiley faces included in your contunued irresponsible guestimates.</p>
<p>The family contribution at most Profile schools is somewhere between 1/4 and 1/3 of your gross income…the higher end if your assets are higher. Mom2 was giving a ballpark estimate. There is nothing wrong with that. The reality is that the online calculators give only a GUESTIMATE of your family contribution. The only somewhat reliable online calculators are ones that the schools have on their own websites. I don’t believe USC has an online calculator on their website. SO…best advice…use an online calculator, get a guestimate and it is a guess of what your family contribution will be and hope for the best.</p>