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College and University Discussion
Reply to "Super high EFC"
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[quote=Anonymous]Is it really such a big problem? At a $60k private college, that means you're eligible for $10k in financial aid. If you've saved up $25K/year, you only need to come up with an additional $25k to meet your EFC. Your DC could take an unsubsidized direct loan for $5500, leaving less than $20k or 10% of income to pay. At your income level, most families find that achievable. On the up side, when DC#2 goes to college, your EFC will be cut in half. [/quote]
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