<p>Mine’s around ~$13,000.
It hasn’t really sunk in that I have to pay for college yet…</p>
<p>mikecerang: Here is the link to the BB Code List, which tells how to quote, etc.</p>
<p><a href=“http://talk.collegeconfidential.com/misc.php?do=bbcode[/url]”>http://talk.collegeconfidential.com/misc.php?do=bbcode</a></p>
<p>Mines 0, AND im going to a school that meets 100% demonstrated financial need.
Yay.</p>
<p>mikecerang - Yeah, not really encouraging with the school offers you 50% and most of it in loans. That’s pretty much doomed, isn’t it?</p>
<p>12layla12 - May I ask which school will you be attending that meets 100% needs? That’s cool!</p>
<p>My EFC is 0 and we are below the poverty line.</p>
<p>Like other students, I always viewed this as a good thing. But I guess it’s not depending on what schools you are looking at. I will probably graduate with a ton of debt… but my sister has $75,000 of debt and it’s not going to cost her any more a month than a car payment (about $300). Once she refinances, it’ll be even less. It sucks, but I consider taking out loans for college a much better investment than taking out loans for a car (personally speaking).</p>
<p>GWU and Boston cover on average 90%. American on average covers 96%. The problem is, those packages may include a lot of loans. I’ll just have to wait and see. Here’s a list of some schools that not only cover 100% of need, but that also remove all of the loans from a package and replace them with grants. There is usually an income requirement for this, usually twice the poverty line or $40,000 or less.</p>
<p>Vanderbilt
UVa
UNC Chapel Hill
Columbia
Harvard
Yale
Princeton
Cornell
Vassar
Ponoma
UPenn</p>
<p>This is just a few. Try googling “list colleges replace loans grants”.</p>
<p>simply lily,
I will be going to USC next year, and they meet 100% demonstrated financial need… basically the need THEY determine you have… which is perfectly okay with me lol</p>
<p>OMG, I sooooo do not understand this!!!</p>
<p>How come almost everyone is posting their EFC as lower than 10K? How is that even possible, how little must your parents earn? It’s impossible that everyone is that poor…</p>
<p>I was absolutely shocked when I got an EFC of over 50K (!!!), but I made no mistake with entering income or anything! We don’t even own a freaking house, my two working parents are middle class white-collar workers, no rocket scientists or anything fancy, and we barely have enough money to support ourselves.</p>
<p>It’s the same in my school too, I have a feeling like something is horribly wrong with either my EFC or my perception of people’s wages…</p>
<p>Um, maybe alot of us are super low income… and don’t have white collar workers as parents?</p>
<p>Personally, we don’t own a house, my mom is a single mother with two kids; me, and my younger brother who has a terminal illness… I could go on and on… So I mean, I’m sure there are alot of horrible stories on CC, and then I’m sure there are alot of well-off people on CC as well. It’s not like a majority of us here have super low EFC’s, but they do seem extremely low compared to yours (no offense). It could also be due to the failing economy perhaps…</p>
<p>Everyone has their own situation. Their EFC isn’t always a perfect representation, but cuts it pretty close.</p>
<p>Mine was 0, but my dad got more unemployment than expected and had to take some money out of his IRA to pay the bills, so it went up to about 1800 just recently.</p>
<p>0000 and I live comfortably.</p>
<p>
</p>
<p>Poverty-level. Sorry we can’t all be rich like you.</p>
<p>Sorry if I offended anyone somehow (romanigypsyeyes? whatev), I did not mean to.</p>
<p>It just seems like on so many other threads people are freaking out over how they’re going to pay for college, and that’s definitely what I’ve been doing too, just looking at this thread scared me completely.</p>
<p>I was just like: OMG! Is it like that for everyone, does the economy suck that much, does that mean that I’ll be getting no scholarships whatsoever, did I do something wrong on the FAFSA? that kind of thing… lol</p>
<p>Zero. It’s both a blessing and a curse.</p>
<p>^ Completely agree.</p>
<p>9k. Not too bad. </p>
<p>My household really can’t afford 9k…but sa’ll good.</p>
<p>˙˙˙ɐɥɐɥ ssǝnƃ ı ʇǝǝʍsɹǝʇʇıq ˙˙˙sǝxɐʇ ɹǝɥ pıp ʎllɐnʇɔɐ ɯoɯ ʎɯ uǝɥʍ 000⇂ pǝddoɹp ɔɟǝ ʎɯ</p>
<p>^ that is sick.</p>
<p>byulka, your situation is very common for places like east coast (Boston, NYC) or California. Families making over 150K a year are barely surviving, and not because they are indulging in luxury but because living in these places is so frikkin expensive. I will not be surprised if families with 0 efc somewhere in Midwest have more cash on hand then families like yours with 50K efc in NYC or Cal. Unfortunately the broken fin aid formulas do not have this in consideration. EFC does not always reflect your standard of living. And don;t forget that families like yours pay the most taxes so kids with 0 EFC can go to college for free! Got it?
Then after college you and your 0 EFC buddy will get similar jobs and will earn similar incomes, but the difference is…you guessed it…you are going to have a mortgage-like student loan to pay back. So because your parents are well educated and earn high income all you can afford is basically a communitiy college, I guess, if you refuse to perpetuate the cycle and go into debt for the rest of your life. The system in this country is broken.
Go complain to your congressman or to Obama. Tell them to look at other developed nations how they have solved this problem. In Europe for example all universities cost uniformly up to $1,500 a year regardless of income. All admissions are based on merit.
Well, I guess we are going to wait and see when the next bubble - the college tuition bubble is going to pop.</p>
<p>I have a similar problem. I live right outside NYC where the taxes are astronomically high. I am one of 4 kids. We have two grandparents living with us, and one who we pay rent for. We have astronomical medical bills (and doctors with liens against our house), but we are still expected to contribute 36K a year. All on one (I’ll admit pretty high in the grand scheme of things) income.
So it’ll be loans for me. I understand that a lot of people have lower EFCs and can’t afford them, but there are also people with lower EFCs who can afford them, but complain.</p>
<p>My EFC is 0. My mom is a single parent. She makes $24,000 a year before taxes and deductions (we bring in about $19,000). I not only have an older sister who we still claim as a dependent. Not only that, she is also in college. I agree that an EFC of 0 is a blessing and a curse.</p>