Home > EFC=UGH


November 18th, 2019 at 10:04 pm

Yes, we finished the FAFSA, the American college apps, and got what I can only describe as a staggering Expected family Contribution number. It was almost equivalent to my salary.

I have little other news as it will take me a while to wrap my head around that number. Here's an interesting take from the NYT on EFCs:

Life, cold weather, and November continue.

2 Responses to “EFC=UGH”

  1. creditcardfree Says:

    I'm sorry it is so shocking. I noticed because our older daughter is graduating in the spring our EFC is a little more than double what it was the year prior. Likely because we only have a family of three now and only one in college next year, in addition to having assets that I'm sure appear available to cover the costs. It's a complicated matter for sure.

    I think the government, colleges and even high schools could do a better job of helping people know what their EFC could be when a student enters high school, giving a little more time to plan what is coming in four years.

    I expect our EFC to be just about equal to the Cost of Attendance next year for our youngest daughter. Although maybe it will be less, the engineering program gets more expensive as she moves up! The difference between the two is what the school considers your need for financial aid, and offers the maximum it can to the student in the form of subsidized and unsubsidized loans. Parents can also apply for Parent Plus loans that are creditworthy based.

  2. rob62521 Says:

    What a shocking article.

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