<p>I really like how my son’s school spells out who is responsible for what (although I’m sure some families split the costs differently). The financial aid letter last year spelled out what our EFC was and then separately listed what our son’s EFC was. It stated specific amounts for student contribution from summer earnings, student loan amount and work study amounts. As my son’s income increases, I assume it will be reflected in what “he” is expected to pay just as if our income increases, it will be reflected in what “we” are expected to pay.</p>
<p>My daughter’s school simply lists the total COA and then subtracts out what merit scholarships, grants, loans and work study is offered - and then lists the large amount that is due. Due to gapping, this amount due is way above our EFC (and it’s a FAFSA only school so no home equity or other issues). Students might not realize they are expected to pay some of this amount unless it is explained to them. This summer my daughter is earning a good salary as an intern. She plans to use the money in place of taking out a student loan for this upcoming year. Since she’ll be a senior, she won’t see another FA pkg but if she did, it wouldn’t show how the EFC increased due to “her” extra earnings and it would be hard for her to see that the EFC increased due to the student’s higher income. Perhaps Sue’s son isn’t aware of how the system works. My kids are still unsure and need to be “reminded” each year.</p>