529_plans
Table of Contents
terminology
- FAFSA - the Free Application for Federal Student Aid
- EFC - Expected Family Contribution
- COA - Cost of Attendance
FAFSA
- Managed by US DoE.
useful links I came across
- short and to the point
- https://www.thebalancemoney.com/will-529-plan-hurt-your-financial-aid-chances-4151976 - Will a 529 Plan Hurt My Child's Chance for Financial Aid?
- https://www.thebalancemoney.com/how-529s-affect-scholarships-and-vice-versa-4153510 - How 529s Affect Scholarships (and Vice Versa)
- https://finaid.org/calculators/finaidestimate/ - Expected Family Contribution (EFC) Calculator
notes
- COA – EFC = Financial need
- Example: If COA is \$30k and EFC is \$12k, financial need will be \$18k.
- Cost of Attendance (COA) – Student Aid Index (SAI) = Financial Need
- You can’t receive more need-based aid than the amount of your financial need.
529_plans.txt · Last modified: 2024/01/22 17:44 by raju