Big Rule Change That Will Effect A College Bound Families Expected Family Contribution
The cost of attendance of a school isn't necessarily what you're going to have to pay to attend that school. Instead, a big factor is what the school thinks you can afford. This is determined by filling out FAFSA paperwork and coming up with your 'Expected Family Contribution" amount.
Currently, the EFC is prorated for families that have multiple kids in college at the same time. New rule changes could eliminate the proration of the EFC and make it much more expensive for middle class families. In this video we will explore how this change could impact your college planning efforts.