College Saving Plans

College Saving Plans are a great way to save for college and pay tuition.  Proper use of these various plans can lower your cost of education significantly.  There are three major types of college education savings: US Saving Bonds, Coverdell or Educational IRAs, and 529 Plans. Each of these different vehicles have advantages and limitations.…

Cost of Attendance

The cost of attendance is both a very personal number and a standard number in the financial aid process.  Most colleges have a standard number they use to estimate the cost of completing a full year as a full-time student.  Need based financial aid is the difference between the cost of attendance and expected family contribution.  More simply…

College Decision Checklist

Making the best college decision checklist requires preparation, analysis, and a visions of your future.  There are three major categories a student should consider when gathering this information.  Each of these categories require a different skill set to analyze but all need to be weighed fairly equally in the student’s evaluation. With the cost of…

How is financial aid determined?

Answering the question how is financial aid determined is complex.  Paying for college is one of the most complicated personal financial decisions and processes a family will go through in their life time.  How financial aid is determined for college is explained in the various videos within this website.  Having an understanding of the various pieces combined with…

Financial Aid Components

Each college award letter contains a variety of financial aid components or different types of college funding.  It will depend on the cost of attendance of that college (COA) and your expected family contribution (EFC).  For many middle income families your financial aid will vary greatly by the colleges you are considering.  Need based financial aid is determined by the…

College Financial Aid Myths

College Financial Aid myths can lead to is a significant amount of confusion regarding the college financial aid process.  Our clients often come to us to discuss the increased cost of college and often repeat rumors they hear about how to manipulate the system.  In the past few years, we have become a society of headline readers…

Financial Aid Timing

The financial aid timing decision is an important aspect to understanding when applying for college. This presentation reviews the various parts of the financial aid timing that is needed to maximize your financial aid award.  There are numerous parts of the college decision.  The financial aid process has its own calendar and this may vary based on…

Financial Aid Application

The financial aid application process requires a series of financial aid forms be completed in order to qualify for college financial aid.  Applying for financial aid requires both personal and financial information.  This will vary by college based on the financial aid process each school uses.  Every school uses the Free Application for Federal Student…

What is FAFSA?

A common question by our clients is what is FAFSA?  The FAFSA or  Free Application for Federal Student Aid is the form and process you need to complete in order to qualify for federal financial aid.  All of the colleges and post high school education programs that offer federal financial aid require the completion of the…