Paying for College

Does EFC of 30% of Income Seem Correct?

Question: When we used a Website to calculate our EFC, it came up with a figure that was approximately 30% of our income. We do not really have any liquid assets and are paying parochial school tuition for four children. My son made the first cut for the National Merit Scholarship last year, and we have not heard anything further on that, but even with that distinction, most of the schools that he is applying to only give a few merit-based scholarships. Do colleges seriously expect families to pay 30% of their income for one student in college?

Keep reading Show less
Find Your Best Fit
Find your best fit college and track your favorite colleges.
FORUMS
Connect with your future classmates
GUIDANCE
Offer not stacking up? These articles may help
GUIDANCE
Expert advice and answers to common SAT and ACT questions