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Smart Borrowing

Tip #16

New congressional legislation just made 529 Plans more beneficial to college savings - consider investing in one.


TuitionCoach Expected Family Contribution Calculator

Check out the TuitionCoach’s QuickCalc to help determine the total amount your family will likely have to pay for one year of college.

QuickCalc - What colleges expect you to pay

Colleges use the FAFSA and PROFILE forms to determine your "Expected Family Contribution" (EFC), which is the total amount of money your family is likely to pay for each year of any college.

How many people live in your household
Student's total income
Student's assets
Parents' marital status
All parent information refers to custodial parent
Age of older parent
Parents' total income
Parents' U.S. income tax paid
Parents' untaxed income
Parents' non-retirement assets ( excluding your home)
Parents' value of home equity
   



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