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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…

“Is It Still Worth Going to College?”

Fed economists Mary Daly and Leila Bengali explore this question in a new research paper. Their conclusion? Based on lifetime earnings, yes: “for the average student, tuition costs for the majority of college education opportunities in the United States can be recouped by age 40, after which college graduates continue to earn a return on their investment in the form…

Is Your School a Good Choice?

Is your senior among the fortunate ones with multiple acceptances? Part of their decision-making process might be a visit to Payscale.com’s College ROI Report, here. One of my favorite features is the ability to calculate ROI by major. Of course, getting a good-paying job isn’t the only reason to go to college, but any time you look at a high-priced…

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