August 21, 2009
The definition of the Expected Family Contribution (EFC) from the Department of Education web site is that it is a measure of your family’s financial strength and is calculated according to a formula established by law. Your family’s taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) are all considered in the formula. [...]
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August 21, 2009
Many (maybe even most) parents and students immediately jump to the idea of scholarships to bridge the gap between their contribution and the cost of college. But the bulk of federal financial student aid is made up of grants (such as the Pell Grant), work study, and, mostly, low cost student loans.
But remember this: If [...]
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