Valuable insights from Lynn O’Shaughnessy
a nationally recognized college expert.
Asset Protection Allowance
August 17, 2015
A Troubling Financial Aid Wrinkle
Parents are often worried about how their assets will impact their chances for financial aid. Often their fears are overblown because financial aid formulas don’t penalize families for all their assets. But it is true that families are now experiencing a harder time protecting their assets from financial aid calculations because of a horribly flawed federal formula that needs to...
January 14, 2013
Answering a Dad’s Financial Aid Question
Today I’m answering a question from a father, who is puzzled by the Expected Family Contribution figure he generated when using an EFC calculator. I think my answer to him will be helpful for just about anybody who will eventually be filing for financial aid. If you don’t understand what the term EFC is, please read this post first: What...
February 1, 2012
Will Your Savings Hurt Your Financial Aid Chances?
Many families worry that their college savings accounts will kill their chances for financial aid. It’s been my experience that it’s usually dads who get stressed out about how colleges will treat their college accounts for financial aid purposes. Some fathers whom I’ve talked are down right bitter. They are especially incensed at the possibility that families that didn’t set...