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September 2014

EFC: Why You Need to Know

EFC is your Expected Family Contribution. In the real world, think of it as your Minimum Family Contribution. There is no requirement that a school meet your need, though some will. If schools aren’t going to meet your need, why do you need to know your EFC? Beyond knowing the minimum you’ll be expected to pay for your child’s education each…

Other People’s Money

Using other people’s money to pay for your child’s college may seem too good to be true. But there are some ways to do this, besides scholarships. One is rewards credit cards that contribute cash back to a 529 account. If you are accruing frequent flyer miles or another reward and not using it, it may be worth looking at…