Success Stories

High EFC Case Study 1
High EFC Case Study 2
High EFC Case Study 3
Mid-Level Case Study 4
Mid-Level Case Study 5

High EFC Case Study 1 – Total Savings $125,552

Olivia

• Science Degree
• SAT 1960
• Considered 15 colleges nationwide, applied to 9
• Family income approximately $91,000
• $60,000 taxable investments, $32,000 UGMAs, $150,000 home equity
• 4 members in family, 1 student in college
• Initial EFC approximately $31,000
• Final EFC approximately $19,000

Results

• Student attending SMU
• Cost of Attendance - $44,309
• Expected Family Contribution - $19,000
• Financial Aid Eligibility - $25,309
• Financial Aid Award – $31,388
• $22,888 Hunt Scholarship
• $5,000 Honors Award
• $3,500 Stafford Loan
• Net Out of Pocket College Expenses - $12,921 per year
• Savings over 4 years - $125,552

High EFC Case Study 2 – Total Savings $42,000

Stephen

• Sociology Major
• Sat 1690
• Considered 15 colleges nationwide, applied to 4
• Family income approximately $140,000
• $15,500 529 College Savings Plan, $15,500 UGMAs, $85,000 home equity
• 4 members in family, 1 student in college
• Initial EFC approximately $48,100
• Final EFC approximately $45,030

Results

• Student attending St. Edwards University
• Cost of Attendance - $25,500
• Expected Family Contribution - $45,030
• Financial Aid Eligibility - $0
• Financial Aid Award – $10,500
• $7,000 Presidential Award
• $3,500 Stafford Loan
• Net Out of Pocket College Expenses - $15,000 per year
• Savings over 4 years - $42,000

High EFC Case Study 3 – Total Savings $78,000

Harrison

• Major Pre-med
• SAT 1940
• Considered 22 colleges nationwide, applied to 10
• Family income approximately $128,913
• $65,000 home equity, $30,000 taxable investments, $108,000 UGMAs
• 4 members in family, 1 student in college
• Initial EFC approximately $64,366
• Final EFC approximately $46,426

Results

• Student attending Schreiner
• Cost of Attendance - $45,500
• Expected Family Contribution - $46,426
• Financial Aid Eligibility - $0
• Financial Aid Award – $19,500
• $10,000 Schreiner Award
• $3,500 Stafford Loan
• Net Out of Pocket College Expenses - $26,000 per year
• Savings over 4 years - $78,000        

Mid Level EFC Case Study 4 – Total Savings $98,000

Zach

• Computer Science Major
• SAT 1590
• Initially considered 6 colleges in Oregon, applied to 5 in Western States
• Family income approximately $88,000
• $117,000 home equity, $12,000 UGMAs
• 2 members in family, 1 student in college
• Initial EFC approximately $21,670
• Final EFC approximately $17,139

Results

• Student attending University of Portland
• Cost of Attendance - $37,040
• Expected Family Contribution - $17,139
• Financial Aid Eligibility - $19,901
• Financial Aid Award – $24,500
• $17,000 President’s Scholarship
• $3,500 Stafford Loan
• $4,000 PLUS Loan
• Net Out of Pocket College Expenses - $20,040 per year
• Savings over 4 years - $98,000        

Mid Level EFC Case Study 5 – Total Savings $44,220

Will

• Geology Major
• Sat 830/1500
• Initially considered 12 colleges in nationwide, applied to 5 in Western States
• Family income approximately $77,500
• $85,000 home equity, $23,000 taxable investments, $5200 in 529 College Savings Account
• 2 members in family, 1 student in college
• Initial EFC approximately $24,000
• Final EFC approximately $14,000

Results

• Student attending University of Wyoming
• Cost of Attendance - $21,958
• Expected Family Contribution - $14,000
• Financial Aid Eligibility - $7,958
• Financial Aid Award – $11,055
• $5,130 WUE Scholarship
• $2,625 Stafford Loan
• $1,500 Perkins Loan
• $1,800 Work Study
• Net Out of Pocket College Expenses - $10,903 per year
• Savings over 4 years - $44,220