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How stingy is USC with financial aid?

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I was just accepted into USC with the ability to interview for the Presidential Scholarship. Even with the scholarship, USC is still around $42,000. My EFC is around $20,000, but I get the impression that USC (or any school, for that matter) does not give a lot of money to those who are solidly middle-upper middle class, but cannot afford $60k a year to pay for school. Current students/parents/graduates who have dealt with financial aid at USC or any other private college: how does this process go about?

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