Here is an article I wrote for another advisor’s site on college affordability.
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Need-based Aid
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
The FAFSA for next school year will be available starting Oct. 1, so now is a good time to start getting ready for it. A few key points:
Should you find yourself in the fortunate situation of having more 529 dollars available than needed, there are several things you can spend those dollars on that you might not have thought of:
Are you looking for the FAFSA EFC Formula Guide for 2020-2021? If so, go here. Are you looking for the FAFSA EFC Formula Guide for 2019-2020? If so, go here. Wondering about income and asset protection allowances for the coming FAFSA? The FAFSA EFC Formula Guide for 2018-2019 is available here. Unlike the past few years, the changes this year are…