Posts Tagged ‘EFC’
Financial Aid Formula Changes
The FAFSA formula that determines how much financial aid a family will qualify for is undergoing two behind-the-scenes financial aid formula changes for the 2023-24 school year. These changes are in addition to the massive changes happening for the 2024-25 school year for families with multiple children in college, grandparents, etc. First, the good…
Read More5 things every family should know about their expected family contribution (EFC)
You fill out the FAFSA, which gives you your expected family contribution (EFC), which is how much your family will pay for college. Seems simple right? Ah, but like most things with the college process, that is unfortunately not the case. Here are 5 things every family should know about that EFC. 1 Your EFC…
Read MoreFAFSA change for families with multiple students
At first glance, the recent changes to the FAFSA appear to be a good thing: A simpler form with far fewer questions, increased financial aid eligibility for low income families, and a formula change reducing any penalty for grandparents who contribute to college. But another formula change could prove to be extremely painful to…
Read MoreInsider tips for the week of July 8, 2019
How to explain student loans and debt to your child – The idea of debt is often unfathomable to a teenager because they’ve likely never dealt with large sums of money and repayment happens in the unknown of the future, (which of course will turn out great). Road2College shares practical tips for how to help…
Read MoreInsider tips for the week of April 1, 2019
How to help your teen be college-ready – Being admitted to college doesn’t mean a student is ready for it. Check out this important read from the New York Times, which explains how parents can encourage kids to step up their levels of personal responsibility while still in high school. Top 5 mistakes in making…
Read MoreWhy is my EFC going up?
Talk about a double whammy! Despite the rising cost of college, families are at the same time seeing an increase in their EFC (expected family contribution), which is what they are expected to contribute before any financial aid kicks in. In other words, a family with the exact same income and assets today as one…
Read MoreInsider tips for the week of July 30, 2018
6 tips for managing your EFC – Your EFC, or expected family contribution, is a number used by colleges to determine how much financial aid you will receive and a topic most families know little about. Invest a few minutes to read Road2College’s helpful tips to potentially save your family money. 5 strategies…
Read MoreShortcut to finding out how much the gov’t expects you to pay for college
College is a strange purchase, one of the few where you don’t know the final price until after you’ve done all the work. Imagine shopping for a home the way most people shop for college. You’d spend months driving (or flying) all over looking at houses that were in a certain neighborhood or had certain amenities.…
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