|By Stargzrlilychk1 (Stargzrlilychk1) on Friday, April 30, 2004 - 03:08 pm: Edit|
Is the EFC from the PROFILE usually bigger than the FAFSAs?
|By Jamimom (Jamimom) on Friday, April 30, 2004 - 03:11 pm: Edit|
No. It usually asks for home equity and money put away for other sibling and some other items that FAFSA does not address. There are exceptions, as schools use the Profile info as they please--you do not get an EFC from them.
|By Stargzrlilychk1 (Stargzrlilychk1) on Friday, April 30, 2004 - 03:14 pm: Edit|
ok, so if we don't own a house and we definitely don't have any money put away, then it should probably show the same results that the FAFSA had??(i ask b/c my FAFSA efc is 0)thanks.
|By Jamimom (Jamimom) on Friday, April 30, 2004 - 03:14 pm: Edit|
Sorry, I meant yes. Was thinking backwards. Yes, usually you need to come up with more money from schools that use PROFILE as they delve into more money sources than FAFSA. But some school, the top ones, in particular, are more generous about Home equity than most schools and they will take into consideration sibling private school expense and other issues, so it is possible that PROFILE which can be indivualized by school will give you a lower EFC. Then the colleges do what they want with both results. They may go with FASFA or with Profile. Or with neither.
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