The FAFSA’s Expected Family Contribution (EFC) for college expenses has two components. I dug previously into the Expected Parental Contribution (EPC) and how to minimize it. Today, we’ll look at the second component, the Expected Student Contribution (ESC). Obviously, the expectation for how much a student contributes to their own education is higher than for… Continue reading Financial Aid: Student’s Contribution
Recently, I was talking with a Maryland resident about 529s, financial aid, and tuition. You know, my favorite subjects. After the conversation, I poked into the costs of attending the University of Maryland and found a surprise: differential tuition. Huh. What is lurking behind this obfuscation? Let’s find out. What Good Is Differential Tuition? In… Continue reading What is differential tuition?
As a parent of a current college student and five more in the near future, I’ve been trying to understand the student aid calculations. Last time, I wrote about how much the parents are expected to pay for their child’s education. The focus of this post is to see what it would take to drive… Continue reading Financial Aid: Minimizing the Parent Contribution
Recently, I scrambled down a rabbit hole as I dug into student financial aid. When I was a college student, I don’t recall putting much effort into understanding the Free Application for Federal Student Aid, or FAFSA. All I knew was that I needed to do it to maximize the financial aid I could get… Continue reading Financial Aid: Parents’ Contribution