探讨 Financial Aid

和大家讨论一下。 This is my understanding about how Expected Family Contribution (EFC) is computed:

(1) 5.6% of assets:  then what are assets?  Non-retirement accounts including checking, savings and investments, HSA, home liquid?

(2) 32% of the part of AGI*  between $50k ~ $100k

(3) 42% of the part of AGI*  above $100k  +  any 401(k)/403(b) contribution "add back"

*AGI is prior-prior year's (for the coming 2019 academic year, you use your 2017 tax return's AGI)

 

Did I miss or mistake anything?  Which schools use the above method to figure out EFC?

I'm not sure about how home liquid/debt is treated.

所有跟帖： 

• might not care too much on the calculations; most of top-elite -Dsu5bm- ♂ (150 bytes) () 05/09/2019 postreply 11:21:08

• You are right: get admitted to an elite school first! -Lily18- ♀ (0 bytes) () 05/09/2019 postreply 11:29:25

• 自主房每个学校有不同公式， 投资房全算， 估价按零网站的标准。 -燕子飞回来_88- ♀ (0 bytes) () 05/09/2019 postreply 11:22:54

• What is "零网站"? -Lily18- ♀ (0 bytes) () 05/09/2019 postreply 11:27:30

• zillow -燕子飞回来_88- ♀ (0 bytes) () 05/09/2019 postreply 11:29:51

• I don't know how liquid/debt is treated in FA formula -Lily18- ♀ (0 bytes) () 05/09/2019 postreply 12:01:45

• 应该用MAGI，就是把pretax retirement contribution 加回去 -study169- ♂ (0 bytes) () 05/09/2019 postreply 11:30:16

• I did include retirement contribution "add back" -Lily18- ♀ (0 bytes) () 05/09/2019 postreply 12:00:12

• 這是FAFSA的算法 -violinpiano- ♂ (244 bytes) () 05/09/2019 postreply 12:13:56