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College and University Discussion
Reply to "Financial aid is a scam"
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[quote=Anonymous][quote=Anonymous]Beginning in 2023, FASFA will use a “new formula for determining the “Expected Family Contribution” (EFC) — which will be renamed the “Student Aid Index” (SAI). The new FAFSA will still request information on the number of children in your household, but the SAI will[b] no longer provide a discount for multiple children in college at the same time.[/b]”[/quote] This is a really important consideration. It occurred to me to run net price calculators that ask about siblings in college both with and without the sibling (we have 2 kids, 2 years apart so for 2 years we'll be paying for both). Oldest is at a VA state school. Youngest is a rising senior and we're working on her list, looking for schools that have potential to fit our budget, beyond our VA public options. Several schools seem like they could be close on first running the calculator. But take out the sibling and then they balloon up to full pay $70-$80k. That is definitely not in the budget![/quote]
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