<p>Right now, both my brother and I are attending college. Our family's EFC is about $40,000 and our colleges cover aid, so we each pay about $20,000. Now, I've recently been accepted into a program which will cover my tuition and pay me a significant stipend, and I'm trying to figure out if this will affect my brother's aid. Does it matter that my education is being covered by outside funding and not directly by us?</p>
<p>Thank you all in advance.</p>
<p>You’ll need to ask the school your brother attends how they take this into account. Some just care about how many students are in college. Others ask how much the parents are paying.</p>
<p>most schools do take siblings into account, usually those little net price calculators ask how many siblings you have that are also attending college. but i don’t think they tend to ask the cost of the siblings education, but maybe they do idk. i’ve just always seen, ‘how many sisters/brothers do you have that are also in college?’ and such. which if that’s all they ask could actually help your siblings chances for financial aid, because they tend to offer more to people who’s parents are already sending other kids through college i don’t think they care by what means. but i may be totally wrong that’s just what i assume from the way the net price/ financial aid calculators work</p>
<p>Yes, you’d have to check with your brother’s college to find out how they deal with it. With my kids, my son’s college offers generous need-based aid, my daughter had some need based from her school, but more of her financial aid was merit-based. Each year my son’s college sent us a form that my daughter’s college registrar had to fill out and send directly back to my son’s college. It wanted confirmation of her enrollment, full time status, and also also how much non-need based aid she received. (It did not ask about her need-based aid at all.) The amount of this merit aid varied quite a bit over her years in school, but it never seemed to change my son’s aid at his school, so I’m not sure what the threshold was where it would make a difference… it was all a little mysterious to me.</p>
<p>If I were you I would assume that your Families EFC [ for your brother alone] will continue to be $40,000 as your parents will no longer have to contribute to your [post grad education].</p>
<p>SCS…</p>
<p>Have you been accepted to a grad school? If so, then your brother’s aid will likely decrease since you’re now graduated and independent. Your brother wouldn’t list you on his FASFA.</p>
<p>To clarify, me and my sibling are both undergraduates, and I will still be an undergraduate next year, regardless of the scholarship. The only question is how much my parents will be paying for my education.</p>
<p>EFC means expected FAMILY contribution, not expected contribution per student . So if there has been no change in your parents income or asserts, etc, then the elimination of tuition , and some of your R& B expenses, will offset an increase in the amount they are expected to pay for your brothers education .</p>
<p>I’m not sure how a newly awarded scholarship affects your sibling’s aid, especially at this point. When students are awarded additional scholarships after filing FA apps and receiving their FA pkgs, are they supposed to notify sibling’s schools? </p>
<p>If so, when does that stop? if school starts in the fall, and a sibling gets some award, is the family supposed to then call all the siblings’ schools and tell them? That seems odd.</p>
<p>I think the OP’s parents should expect the new scholarship will affect next years’ [ 2013-2014] EFC.</p>
<p>???</p>
<p>how??? the scholarship is on the child’s taxes, not the parents. If Child #1 receives a scholarship, then how will it affect Child #2’s EFC next year?</p>
<p>If the parents fill out a FAFSA, it asks for education expenses that the family pays for other students, correct? So if the family does not have any expenses at one college, which cost X $$, due to a scholarship, stipend, etc, that will increase the amount they have available to pay for the other students expenses, given the overall EFC for both students stays the same as the year before. Just as when one student graduates from college and another is still in college, the family is still expected to be able to contribute the same EFC, all else being equal.
or am I not understanding something?</p>
<p>*If the parents fill out a FAFSA, it asks for education expenses that the family pays for other students, correct? *</p>
<p>does FAFSA ask that? I know it asks if you have siblings in college, but does it ask how much you pay for those kids?</p>
<p>Does CSS ask for how much merit awards other siblings receive? I did not recall seeing that.</p>
<p>^ The CSS Profile does ask: How much did this person receive in scholarships, grants, or gift aid during the 2011-2012 academic year? (FM-130)</p>
<p>sorry , I meant the CCS Profile, not the Fafsa. Thanks Erins’ Dad.</p>
<p>The only time an award will affect the sibling’s financial aid is when that school calls and gets the exact information from that college. These days, some schools are doing just that. However, if the award is a one time award that was given the previous year, I doubt it would show up when the the info is requested.</p>
<p>Friends of ours have two daughters at schools that give good aid packages. Yes, the schools do check that both girls are enrolled. They don’t seem to be concerned about what the other school is getting in terms of aid, however, But that is just a small piece of the picture. THis is a changing scene, and with money getting shorter, I would not be surprised if some schools do get an exact accounting. It would be more fair to do so. But right now, most schools seem to be going by formula and just verify that there is indeed a sibling at a college.</p>
<p>Interesting discussion. I’ve been wondering how our situation will play out. One twin, dd, wants to go to Community College first and the other will be applying to a variety of 4-year uni’s. We don’t qualify for financial aid (cal grants/etc), have a family efc of 46K (divided by 2 kids would have been 23K). We’re looking at colleges for ds that give merit/scholarships and wondering how that will be impacted with one at Community College. Once ds receives financial aid pkgs next year I will be checking with each colleges financial aid office to determine any change. He’s not applying to profile colleges.</p>
<p>I have 3 freshman starting at 3 different regional universities in Fall 2012, 2 are CCS Profile schools. All 3 universities Financial Aid offices are asking for tuitions bills from the other schools for the upcoming year. It will proof enrollment but also show parents cost. Time will tell if the best package hurts the others…</p>