Valuable insights from Lynn O’Shaughnessy
a nationally recognized college expert.
Expected family contribution
May 25, 2021
12 Expected Family Contribution Tips
One of the biggest questions that parents with college-bound children puzzle with is if their child has a chance for financial aid. The first step that you should take when grappling with this issue is to obtain your Expected Family Contribution (EFC). You should do this before seriously exploring your teenager’s college options. This is more confusing than you might...
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January 13, 2020
Evaluating a Financial Aid Letter: What’s Usually Missing
Financial aid awards are often confusing. Plenty of colleges and universities intentionally make financial aid awards hard to decipher to trick families into thinking that their institutions are being generous even when they aren’t. Obfuscation is an effective way to keep parents from effectively evaluating a financial aid award. Since we are in the season of financial aid letters, I...
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April 6, 2019
Elite Colleges, Entitled Teens and Guilted Parents
The college admission season is winding down at this time of year except for this part: Parents are stressing about how they’re going to pay for the college that their children want to attend. Spring is when I hear from parents who are being guilted by their children to spend dangerously more than they should for a brand name research...
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August 9, 2018
Expected Family Contribution: 10 Things to Know
One of the biggest questions that parents with college-bound children puzzle with is if their child has a chance for financial aid. This is more confusing than you might think because at some schools a family could qualify for need-based aid if they make $200,000 a year and at another school, the ceiling for aid could be $70,000 or much...
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6
April 11, 2017
How to Decipher a Financial Aid Letter
Financial aid awards are often confusing. I believe many colleges and universities intentionally make financial aid awards hard to decipher to trick families into thinking that their institutions are being generous even when they aren’t. Obfuscation is an effective way to keep parents off balance. Since we are heading into the season when students will be receiving their financial aid...
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3
January 31, 2016
How To Decipher a Financial Aid Letter
Financial aid awards are often confusing. I believe many colleges and universities intentionally make financial aid awards hard to decipher to trick families into thinking that their institutions are being generous even when they aren’t. Obfuscation is an effective way to keep parents off balance. Since we are heading into the season when students will be receiving their financial aid...
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5
January 10, 2016
Q&A: Financial Aid Applications
This is the time of year when people are filing for financial aid. In this post, I’m sharing a few of the questions that I’ve gotten about applying for aid. What financial aid applications do my husband and I have to fill out if we want financial aid for our child? All colleges require parents to file the Free Application...
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0
September 14, 2015
Your First Financial Aid Step
If paying for college is going to be a challenge, and it usually is, it’s important that you obtain your Expected Family Contribution before your begin looking at colleges with your teenagers. In fact, obtaining your EFC should be the FIRST STEP you take in the college process. Here is a quick rundown of what an EFC is, why it’s important, how...
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0
April 28, 2015
Your Crucial 1st Step Before Looking for Colleges
If paying for college is going to be a challenge, and it usually is, it’s important that you obtain your Expected Family Contribution before your begin looking at colleges with your teenagers. In fact, obtaining your EFC should be the FIRST STEP you take in the college process. Here is a quick rundown of what an EFC is, why it’s important, how...
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1
September 29, 2014
Colleges That Meet 100% of Financial Need
If your family will need to depend on financial aid to attend college, your best bet is to find a school that will offer an excellent financial aid package to your child. A handy way to assess the generosity of any school is to look at the percentage of demonstrated financial need it typically meets for its students. Teenagers, who...
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