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College and University Discussion
Reply to "net price calculator question"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. What I don't understand is why it would tell me our family contribution (with 1 kid in college) is more than the total price is. I would think it would just say, yep, you're paying full freight, but the max is what the max is.[/quote] OP, just read the directions carefully. You are one person with one set of circumstances. Contrary to your obvious beliefs, yours are not the only circumstances they have designed the system for. And really is it that hard to say to yourself "111>67. Therefore I must pay the full 67."? [/quote] This is a really unhelpful answer and I'm not sure what motivated you in posting it. Our oldest is going into his senior year so we are digging into the NPC and trying to figure out if we are doing it correctly or whether we've misinterpreted the spectacularly limited directions, which might explain why I got an answer I wasn't expecting. Where exactly are you reading my "obvious beliefs" that I'm looking for special treatment for my family? I'm not. I'm trying to figure out if I did it correctly or not, from people who have BTDT. An honest question that did not deserve your snark.[/quote] I think there are several reasons why they do this. 1) Many people already know what their EFC is likely to be because they've run another NPC, or they have another kid in school, or their kid is transferring. So, this is a double check. I once ran a NPC calculator where I put in an extra zero. So, it predicted that on my income of $60K, I could pay more than $60K in tuition. If the school had just said "no aid for you!" I might have assumed it was because of his stats, but seeing that the EFC was obviously wrong, I knew to run it again. 2) Knowing your EFC is helpful, since it's stable across schools. If you know your EFC is over $100K, then you don't need to run NPC's at schools that don't give merit aid (or don't calculate merit aid in the NPC) and have tuitions significantly below your EFC, because you know you'll be full pay. 3) Knowing your EFC helps you anticipate how it will change when you have another kid or retire or something.[/quote]
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