How much will it cost my parents to send me to College?

How much will it cost my parents to send me to College?

Recently I talked a bit about EFC – expected family contribution. While this is most relevant to finding out how much support you’ll receive from the government, theres another more practical application! An acquaintance who will graduate from high school next year asked me how much money I thought it would cost his parents for him to go to college – they aren’t exactly well off, and he knows that going to college will be a burden on them.

At first, I tried to sort through all of the potential expenses with him to come up with an estimate. Before long, it had become apparent that I wasn’t going to be much help – but it dawned on me – this is exactly what EFC calculators do! So, parents, if you want an estimate of how big your piggy bank needs to be before you send little Johnny off to school, have a look at an EFC calculator (in case you’re too lazy to find one yourself, I’ve got one for you – just click here).

Keep in mind that this is an estimate, and a rough one at best – use it as a starting point, and draw your own conclusions.

Related Posts:

Guaranteed Student Loans

... studentloandebthelp. net/federal-student-loan-payback/" title="Subsidized Staffod loan">subsidized Stafford loan - the kind we talk about in this article about Federal Studen... Read More

What types of Financial Aid Exist?

...   They are given by the school or another organization. Student Loans Student loans are given by the government directly to the student - they are appealing because they have low interest rates, and do not require credit checks. Parent L... Read More

What determines how much financial aid I will get?

...   The extra money can be used for those who's families are less able to contribute. Your year in School: Generally, the longer you've been in school, the less financial aid you'll receive. Your enrollment status: Part time stud... Read More

Am I eligible for federal student aid?

... Most people will find that they are eligible for federal student aid - but just to be sure, here are the requirements (according to the FAFSA website): Be a U. S. citizen (or an eligible non-citizen) Have a valid Social Security Number Register with Selective Ser... Read More

How do I apply for aid with the FAFSA?

... Once it is, you'll receive a Student Aid Report. On the FAFSA website, they'll refer to this as your SAR. Check out the Student Aid Report for accuracy. This is important - clerical errors happen all the time, and can be a huge hassle to clean up later on! Keep a prin... Read More

What is Expected Family Contribution?

... If you've been looking into financial aid for college, one ominous sounding acronym almost certainly popped up:  EFC.   EFC stands for expected family contribution, and plays an important role in determining how much financial aid you are likely to get. Right off the bat, students often as... Read More

What is FAFSA?

... The FAFSA is also available in Spanish. There are a few different deadlines to keep in mind when filling out a FAFSA form: First, there are School aid deadlines - these are the deadlines a school imposes for students requesting aid from them. Second, there... Read More