Very strange financial aid situation.

Colleges and Universities A-Z Princeton University
1

<p>Please help</p>

<p>My "total cost of attending" is about 5 times what I got on Princeton's Net Cost Estimator. I'm an US citizen, my family's annual income is 80k, we don't have any assets/businesses and our savings is less than 30k. However, on my aid letter, my Parents' Contribution is over $11000.....
When I ran the estimator at home I got Parents' Contribution of $1900. I reviewed my PFAA and found that everything was filled out correctly.</p>

<p>Paying $50000 over 4 years is problematic for us.</p>

<p>What should I do??</p>

2

<p>I hate to say it, but you probably misentered info into the estimator. Even my family w/ an income of ~$60,000 is expected to pay $6500 this year. An EFC of $1900 would require an income in the 10k-25k range; an $11000 EFC, though expensive, sounds about right for an income of $80k.</p>

3

<p>you should be paying around 8 grand. Its supposed to be 10% of income if under 120k yearly</p>

4

<p>Talk to the fin aid office.</p>

5

<p>The calculator is here:
<a href=“https://sweb2.princeton.edu/cgi-bin/FinAid/any_year_finaid_form_post_new.pl[/url]”>https://sweb2.princeton.edu/cgi-bin/FinAid/any_year_finaid_form_post_new.pl&lt;/a&gt;.&lt;/p&gt;

<p>Solemn, where did you get your info? I talked to the financial aid office today and they told me that normally a family making less than $60000 would not be expected to pay, so for a family income of 20k the EFC is definitely 0.</p>

<p>Also, see <a href=“http://www.princeton.edu/main/news/archive/S28/50/00O59/[/url]”>http://www.princeton.edu/main/news/archive/S28/50/00O59/&lt;/a&gt;&lt;/p&gt;

6

<p>Its your savings</p>

7

<p>^^^^ Yup, it’s your savings.</p>