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Colleges are expensive. It costs anywhere from $20k-$90k per year for an in-state to an elite private university. Statistics show that it takes an average of 5.8 years for a student to graduate from a 4-year college. This makes the total cost a range of $80k to $500k. If you have two or more children, this number is going to double or even triple. It is not unusual that people carry their college debt for 20 years after they graduate if they do not handle it strategically.
You can find out what your Student Aid Index (SAI)/Expected Family Contribution (EFC) is (established by the federal law), your eligibility for financial aid, and get advice on what strategies you can use to maximize your financial aid and plan for your college funding efficiently.
You must do it as soon as possible. We recommend parents start to plan for college funding for their children as early as possible after their children are born. However, it’s not too late to start at the latest a year before your students graduate from college.
The report is based on many variables such as your child’s current GPA, predicted major and school of interest. After your data is analyzed, you will receive valuable information like:
· Your family’s EFC (Expected Family Contribution)
· Definitions and guidance
· School suggestions
· Loan and scholarship manuals
· So much more!
Here is an example of how much you can potentially save.