<p>And to add to mom’s comments, EFC is not what colleges use.  They have their own formulas based on a myriad of factors, all of which they refuse to disclose, and its very common for a huge gap to occur between what you think they will give you and what they expect you to pay.     Then they whip out that ubiquitous card called, “student loans” or “parental plus loans” and tell you to fill the gap.   </p>
<p>From their perspective any scholarships and grants are simply discounts on their pricetag and they are not in the business of discounting their products to everyone.    Its a tug of war and at the end of the day, they can and will say, “then go somewhere else” if you can’t afford it.   </p>
<p>Students and parents think erroneously that just because they accept you, they will bend over backwards to make it affordable and give you what you need.    They don’t and won’t.    Its a cruel world, people, with a LOT of injustice and inequity.    Its infuriating.    </p>
<p>In short, a college education is quickly becoming an elitist gambit.   Schools mouth all these lovely words of being holistic and making school affordable.  But in fact, they are interested in advancing their own agendas, particularly with appearing to be “diverse” and bringing in URM’s.    </p>
<p>Sometimes they may help you if they really want you.  Some schools are a LOT more generous than others.    The most generous schools tend not to be the prestigious schools (except a very few like the Ivy League and a handful of others like Davidson who have a no student loan policy…they give it all in grants.)    </p>
<p>So the bottom line is this:  You have to wait until all your offers are in and on the table, and compare costs and make a decision about what is the best school for you and which one you can afford.     </p>
<p>No school is worth getting into too much debt for.    You do not want to start out your life buried in student loans or plus loans.    Because you must pay them back…with interest that keeps accruing.    And you don’t know about finding a job, job security and if you are going to grad school and/or professional school.</p>
<p>Colleges are some of the most inefficient institutions in the world.   They are bloated bureaucracies and have little incentive to cut costs, so they keep raising the cost to attend.    Then add in the obscene sums they pay out in athletic scholarships, including Title IX, and the obscene amounts they pay out to coaching staff, athletic facilities and support and its really sickening.   </p>
<p>They are quickly reaching the point of no return…er…the point of pricing themselves out of contention and they will pay a heavy price for that.    </p>
<p>Meanwhile, when you get to college, you will hear stories from students about how much money they got from the school and you scratch your head about how that happened considering their stats or how much aid they got when they are driving a BMW and parking it on campus.    Or they had relatively low EFC’s because mom and dad aren’t wealthy, and got tons of aid, but grandparents are loaded and footing the bill…which they can hide from the financial aid office.  Etc etc etc.</p>
<p>Get ready to be po’d about this.<br>
Not much you can do.   Except select the college that is the best fit and most generous.</p>