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Evaluating a Financial Aid Award

on March 25, 2013 in Financial aid, Money, Scholarships, Student Loans

This is the second day that I’m devoting to evaluating financial aid letters. If you missed it, here is the first post that I wrote on this important subject: What’s Wrong with This Financial Aid Letter? Today I’m sharing another financial aid award that I obtained from Paula Bishop, a CPA from Bellevue, WA, who [...]

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What’s Wrong With This Financial Aid Letter?

on March 22, 2013 in College Costs, Financial aid, Money, Scholarships

Many financial aid letters  — heck almost all of them –  are confusing. I’ve always wondered why award letters are so difficult to understand. Perhaps the staffers generating these letters in the bowels of universities have been conversing in financial-aid speak for so long that they have lost their ability to communicate in standard English. [...]

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7 Weeks To Make Your College Decisions

on March 10, 2013 in Admissions

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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Answering a Dad’s Financial Aid Question

on January 14, 2013 in College Costs, College Savings, Financial aid, Money

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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It’s Time for FAFSA Questions

on January 9, 2013 in Admission practices, Applying, Financial aid, Money

Now that we’re officially into the 2013-2014 FAFSA season, I wanted to answer some questions on my college blog that I’ve gotten about financial aid forms. If you have your own questions, please leave them in the comment box below. Lynn O’Shaughnessy Mom’s question: Try as I might I still can’t get my hands around [...]

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What is Your Expected Family Contribution?

on November 6, 2012 in Financial aid, Money

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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