Reply to No financial aid for middle class at public college???

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[quote=Anonymous][quote=Anonymous]NP. [b]I was under the impression that having twins attending college at the same time improves one's opportunities for aid.[/b] Is this not true anymore? HHI of 170K[/quote]

The FAFSA will generate an EFC (expected family contribution) based on your income and assets (and some other factors like your age and number of dependents and their ages).  Having twins helps because the EFC remains the same no matter how many kids are in college.  Essentially the formula is that you are expected to pay this much--if the costs are doubled because of twins you are still expected to just pay this much.  The things that tweak this formula are 1) your child has an expected contribution from their own earnings and so twins will have both, 2) you are expected to have saved a certain amount per child based on your income.  But it still most definitely helps  on the FAFSA to have two in college at he same time.

HOWEVER, many institutions look at this, and the CSS profile and adjust their aid according to their own rules. They may be more inclined to adjust to the fact that a family with twins is not 1/2 as capable of paying for college as a family who has kids separated by 4 years.  They may adjust your expected cash flow contributions by having two in college, but not your savings.  They may adjust your capacity to borrow.

But overall it's better for financial aid to have twins than two kids that don't attend college at the same time.[/quote]

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