|
Average expected family contribution (EFC) for
dependent students, by family income: Academic year 1995-96 |
单选题
A family's unmet need (which must be covered by a financial aid package) is defined to be the total cost of attending an institution of higher education minus the expected family contribution. What is the unmet need of a family whose income is $55,000 and who has a child attending a 4-year public university?
【正确答案】
B
【答案解析】The average expected family contribution of a family with an income between $50,000 and $59,000 is about $7,500. Since the average cost of attending a 4-year public university is $10,800, there is an unmet need of $10,800 -$7,500 = $3,300.
单选题
If family A has an income of $95,000 per year, and family B has an income of $35,000 per year, and each has a child attending a 4-year public university, to the nearest $1000, how much more would family A be expected to pay than family B?
【正确答案】
B
【答案解析】Family A would be expected to pay $10,800, the full annual cost for a 4-year public univer-sity. Family B would be expected to pay approximately $3,500. Therefore, family A would pay $10,800 -$3,500 = $7,300 more.