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[quote=Anonymous][quote=Anonymous]Maybe I missed someone else posting this, but it is about to get WORSE for donut hole families who have two kids close in age! Quietly how financial aid is calculated for people who have two kids in college has changed. Instead of factoring in having to pay tuition for multiple kids now financial aid is no calculating this.

By this it used to be that let's say you earn 150000 and the EFC says you can contribute 60,000. It used to be that if you had two kids then you paid 30K per kid. Or if you had three kids in college you were expected to contribute 20K per year. Now you are expected to contribute 60K no matter how many other college tuitions you are paying. So if you have two kids you would pay 120,000 which is ridiculous for a family making 150,000.[/quote]

This is actually going to matter less for donut hole parents that it will for parents with an EFC of 6-12k. Your EFC number only really matters if you are eligible for a PELL grant (and subsidized loans) Given your example of a 60,000 EFC, you’d need to have 10 kids in school all at the same time. CSS is continuing to divide the expected number by the number of kids in school. A donut hole family will never qualify for a Pell grant or subsidized loans.

It will look terrible on paper, but non CSS schools bring down the cost by “merit” and make up the difference with telling parents to get Parent plus loans.[/quote]

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