For the past few years, Troy Onink has had a Guide To FAFSA, CSS Profile, College Financial Aid And Expected Family Contribution at Forbes Magazine. It’s a great article that explains critical elements of the college financial aid process. I think the most valuable part of the guide is the Federal EFC Quick Reference Table. (Click here for an updated version of the EFC Chart with assets.)
ShareTweetFlipEmailPin0 SharesBecause you’re comparing yourself to the wrong group.
ShareTweetFlipEmailPin0 SharesBecause college costs more than $1,000.
ShareTweetFlipEmailPin109109 SharesHave you heard about the student who won over $700,000 in scholarships? Here’s the truth about how he actually did it.
ShareTweetFlipEmailPin0 SharesRule 5: The Largest Scholarship will Come from the Schools the Student Applies to. CONNECT WITH OTHER PARENTS PLANNING FOR COLLEGE JOIN THE COFFEE CUP COLLEGE PLANNING FACEBOOK GROUP
What’s the worst possible thing families could hear after getting their Estimate Family Contribution (EFC) for financial aid? How about that even if they could manage to pay their EFC, more than likely they’ll have to pay even more because most colleges won’t meet their full need. The data on who gets financial aid shows that most families aren’t going to have their need met.
Why look at a college’s endowment when trying to decide where to go to school? This falls into the category of all other things being equal, why not attend an institution that is in a better financial situation? Or more importantly, why risk going to a university that is facing financial difficulties?
