Tagged with total cost of attendance in our Blog
It is important for everyone to know the amount of financial aid they are able to receive from the school of their choice. After filling out the FAFSA, you will be sent a Student Aid Report (SAR) that indicates your EFC (Expected Family Contribution), which is determined based on the information you provided on the FAFSA itself. Many people may find themselves cringing at the thought of this number, which can be staggeringly high. However, don't forget that the FAFSA EFC is not the amount you are expected to pay for that particular school. The FAFSA EFC is used by… Read more here!
If you are a parent looking to help your child pay for school, the Federal Parent PLUS Loan may be for you. When it comes to school loans, this loan is rather forgotten and is not the first thing families think of when looking to fund an education.The Parent PLUS Loan is a loan program that must be taken out only in the name of a parent or legal guardian. It is designed to cover more of college's expenses than a Stafford or Perkins loan does. The amount of a Parent PLUS Loan is determined by taking the Total Cost… Read more here!