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It’s the only thing we buy where the seller tells us, the buyer, how much we can afford. This doesn’t happen anywhere else.
And it’s the only major thing we buy where we go in without knowing how much can afford before we starting shopping for it.
College. Yup, it’s true.
To get a ballpark idea of how much a particular college will cost your family, use the Net Price Calculator on each college’s website. It has to be there by law.
And use the FAFSA4caster to estimate your Expected Family Contribution, or EFC. This is how much the school things you can afford each year.
FAFSA4caster – explanation page – https://studentaid.ed.gov/sa/fafsa/estimate
FAFSA4caster – the tool itself – https://fafsa.ed.gov/spa/fafsa4c/?locale=en_US&_ga=2.212971412.1203925863.1574873941-1430675112.1568727508#/landing
Welcome to my channel! Glad to have you here.
Here you can find videos on:
Maximizing financial aid
How to pay for college efficiently
Retirement income planning (yes, it’s different)
And otherwise how to make money last
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