If someone got $100,000 outside scholarship, does any of that help to reduce the Expected Family Contribution (EFC) at like a top school that does not give merit scholarships? Are we stuck with paying that $25,000 no matter how well student does on scores or if they are top in their class? National Merit is a very nice award, but I don't see how it really helps reduce the cost all the much at a top school.
Bill_A
(Post #1)
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