Archives by Month

September 2017

Aid Formulas

If you’ve been reading this blog for a while, this is a bit of a refresher post. There are three aid formulas: Federal methodology (FM), based on the FAFSA; Institutional Methodology (IM), based on the CSS PROFILE; and Consensus Methodology (CM), which uses both aid forms. Each is a different way of calculating a family’s

Home Equity and Aid Formulas

With price gains in most housing markets nationwide over the last few years, parents need to understand how aid formulas treat home equity. The good news: the FAFSA doesn’t consider home equity. The bad news: the CSS PROFILE requests information on home equity, and schools using the CSS PROFILE may calculate your home equity’s value for EFC purposes in one…

What Colleges Can You Afford?

As fall kicks into gear, students begin looking in earnest at colleges. Kids tend to focus on a few core aspects of colleges when creating and narrowing down a list: majors available, location, big vs small. Later in the school year, I get calls from panicked parents whose students have fallen in love with and often been accepted to wonderful