In my last blog we discussed the components of the Cost of Attendance (COA) and Expected Family Contribution (EFC). Financial aid offices subtract the amount families are expected to contribute toward the student’s education from the calculated COA for their school. The result is the amount of need the student has and this is the financial [...]
Do you know what your college defines as full-time enrollment? It is usually 12 to 15 units or credit hours. Do you know how the federal government defines full-time enrollment for purposes of financial aid? You should. It can make a difference of hundreds of dollars in your grant aid. Not everyone’s Expected Family Contribution [...]
March 31, 2008 For families struggling to finance their children’s educational expenses, supplemental borrowing can be an important resource. Supplemental borrowing is particularly useful to those families that do not qualify for need-based financial aid or those families that qualify but whose financing needs are greater than their aid package. One of the most reliable [...]
At senior high schools around the country, the financial aid night has become a common fall event. With financial aid becoming more complex, many high school counseling offices are wisely choosing to invite the experts in to discuss the details of applying for and accepting financial aid. One thing to remember is that if your [...]
The EFC, or Expected Family Contribution, is the cornerstone of the financial aid awarding process. For federal aid eligibility, your EFC will be determined from your FAFSA application. If you are not aware of the questions that affect your EFC, you may inadvertently make an error on your FAFSA that could have a serious impact [...]
When it comes to student financial aid it helps to know every avenue that leads to gaining money for your college education. Below we have comprised some helpful tips that may assist you secure the financial aid you need. Target the High Dollar Private Colleges Applying for financial aid at a pricey college or university [...]
