Next year we will have 2 sons in college. I have a question on how most schools handle financial aid and EFC with multiple children in college. My assumption is that both schools would divide the EFC in half to consider what they feel we owe as our contribution. I understand that not all schools meeting 100% of need.
Here is a likely scenario. Our oldest son is at Penn State. His next youngest brother is applying to many schools, but we will use Rice for this example. If our EFC turns out to be 30k, would Penn State and Rice each assume the EFC for them is 15k?
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