Today’s episode is a discussion about “financial need” and the colleges that meet that for you. This term means different things to different people. To you, it may mean the total amount you will be responsible for in terms of college costs or expenses. To a college or university, financial need means the balance left after your EFC (expected family contribution) has been applied against the NET PRICE.
We call it – “THE GAP”.
Having a basic understanding of how colleges arrive at your need is critical. Here are the formulas that are important to note:
TUITION + ROOM/BOARD + FEES= NET PRICE
NET PRICE – EFC (Expected Family Contribution)= FINANCIAL NEED
The blog – College Greenlight – has a list of the college that I mention in this episode that meet financial need.
Links mentioned in this episode:
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