<p>I am frustrated. I am a transfer student accepted to USC Maybe somebody can help me understand My FAFSTA had an efc of $27,000 I did get into and have accepted at UCLA but my dream was USC, I finally got my financial awards letter like 4 weeks after being accepted. It showed a subsidized and also an unsubsidized Stafford loan for $6500 per year but that still makes it over $47,000 . I had thought that I might be able to do work study or that they might find someway for me to attend somewhere in the $35,000 at the most, Did anybody else think this way and was your financial aid awards similar ??</p>
<p>my fafsa efc was somewhere between 6k to 9k per year, if you did the css profile, they take that into consideration. they estimated that my efc was somewhere in the 20 thousands which is rediculous considering that would essentially be a third or so of parents take home after taxes. i emailed them and contacted them and they seem to justify it because of the supposed equity in my parents home, which really isn’t that great or realistic considering that they had refinanced about 1 year ago, meaning they owe about 95 percent in debt of the mortgage/loan.</p>
<p>extremely disappointing. i also received the two loans which each were over 5K, which would have made me and my family pay about 30K-40K per year just to attend usc. it was ridiculous considering they are said to give good financial aid. reason why i’m attending ucla. the most i’ll ever have to take out doe uCLA(and it would be for personal stuff like taking care of myself while in school) is 5-10k including both years.</p>
<p>Thanks for reply, same thing happened to me Idid email off fin aid website and had reply in approx 1 hour. I was told Here at USC, we look at assets in addition to the income, including business and real estate equity, both of which your family seems to have a significant amount of., I emailed back as reply but was afraid it did not go back correctly . So I called and spoke to somebody explaining that possibility that parents rental property was in 2 places. Listed as real estate owned and also as my mothers bussiness. I was told that couldn’t happen, Same here they said our income was far off the wall to expect anything more than $ 6000 per year in stafford loans. So sad . . . She also stated parents have $200.000 equity in home and our income , </p>
<p>Thanks for shareing your info.</p>
<p>Forgot to say parents take home is 97,000 and USC cost to family was $47.633.00 just about half for us also.</p>