Tag Archives | Expected family contribution

How To Decipher a Financial Aid Letter

Financial aid awards are often confusing. I believe many colleges and universities intentionally make financial aid awards hard to decipher to trick families into thinking that their institutions are being generous even when they aren’t. Obfuscation is an effective way to keep parents off balance. Since we are heading into the season when students will […]

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Your First Financial Aid Step

If paying for college is going to be a challenge, and it usually is, it’s important that you obtain your Expected Family Contribution before your begin looking at colleges with your teenagers. In fact, obtaining your EFC should be the FIRST STEP you take in the college process. Here is a quick rundown of what an EFC […]

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Erasing College Assets With Life Insurance

Today I’m sharing an article that Stephanie Hancock, CFP, who is a financial aid expert at College Aid Consulting in Los Angeles, wrote about the potential dangers of  using life insurance to hide assets. What families, who are eager to qualify for more financial aid, don’t understand is that insurance agents, who are suggesting this […]

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