Tag Archives: EFC

7 Weeks To Make Your College Decisions

This is a stressful time for teenagers and parents who are waiting for acceptances. Or who are trying to decide what the ultimate college choice will be. Or who are wondering how they are going to pay for a school when their financial aid package is inadequate. Today I want to share some conversations that [...]

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Another Look at Merit Scholarships

In my last post, a mom (Rebecca) expressed her frustration with merit scholarship policies. Many parents responded, which I appreciate. It’s clearly an issue that parents like to vent about. If you missed the post, I’d urge you to read it: Are Merit Scholarships Are Fair? I have been in a position similar to what [...]

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Are Merit Scholarships Fair?

I wanted to share this note that I got today from a mother, who wonders about the fairness of merit aid scholarship policies. In my next post, I’ll comment on Rebecca’s note. I’d urge you to share your thoughts on this subject in the comment box below. – Lynn O’Shaughnessy Hi Lynn, I would love [...]

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Answering a Dad’s Financial Aid Question

Today I’m answering a question from a father, who is puzzled by the Expected Family Contribution figure he generated when using an EFC calculator. I think my answer to him will be helpful for just about anybody who will eventually be filing for financial aid. If you don’t understand what the term EFC is, please [...]

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What is Your Expected Family Contribution?

Do you know what your Expected Family Contribution is? If you don’t, you should make it a priority to obtain this number. I’d argue that families need to know what their preliminary EFC is before they begin looking at colleges. Unfortunately, most families don’t have a clue about what their EFC is until their children [...]

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A Wealthy Mom’s College Questions

I am sharing an email that I got this week from a wealthy single mom, who is anticipating her college costs for her twins. I comment on her situation below and I’d love to hear from you too. If you have any advice, please share it in the comment box below. Mom’s Email: Lynn, I [...]

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