College Admissions and Affordability: Good and Bad Advice

The colleges then subtract the student’s EFC from their cost of attendance (COA; total cost for everything), to determine if a student demonstrates a need for financial aid. Cost of attendance – expected family contribution = need based aid eligibility. By stashing the daughter’s money in an annuity (a type of insurance contract) it will not be counted on the FAFSA (federal aid form ... ................
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