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Step into any lecture on financial aid for college or even college financial aid offices themselves and the following will likely occur: The acronym FAFSA will be pronounced in ten different ways. The FAFSA, which stands for the Free Application for Federal Student Aid, is the federal formula designed to determine the Expected Famil [...]

EFC: The Basics

In the college world, the term Expected Family Contribution would seem to have an obvious definition. Logically, one would think the Expected Family Contribution or EFC would signify what a family can actually afford to pay for school. Yet, this could not be further from the truth. The EFC itself is just a starting point. Let’s beg [...]

EFC: Deductible or True Cost?

On the surface, the term “Expected Family Contribution,” seems to have an obvious definition. Logically, one would think the Expected Family Contribution or EFC would signify what a family can afford to pay for school. Thus, it would appear that the EFC would represent a true cost for college and provide families a number to plan for. Howeve [...]

Free Money vs. Loans: Am I Being Tricked?

On a frigid winter day with streets covered in snow and slush, a career as an auto mechanic might not sound appealing. Of course given the specific skill set needed to be an auto mechanic, this career may not appeal to many people even on a 95 degree island. One advantage however to being a mechanic is an advanced knowledge of cars, a subject [...]

Posts tagged EFC

The CSS Profile

EFC: The Basics

EFC: Deductible or True Cost?

Free Money vs. Loans: Am I Being Tricked?

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