Wed, Oct  2, 2024 11:30 AM

The #1 Biggest Mistake families make in the college process – is waiting way too late to calculate their SAI / EFC:

• Student Aid Index (SAI) which is determined by completing the Free Application for Federal Student Aid (FAFSA) – this is NEW as of last year.
• Expected Family Contribution (EFC) which is determined by completing the CSS Profile – used by 200+ colleges in addition to requiring the FAFSA.

These dollar amounts are what colleges expect you to pay for your son or daughter to attend their school before any financial aid will be offered. The unfortunate fact is that many families never take the time to sit down and run these numbers. Your SAI / EFC are calculated using mom and dad’s income and non-retirement assets and your student’s income and non-retirement assets. This may seem like a lot of information that you need to gather and disclose, but the sooner you run your numbers, the better!

The good news – there are steps you can take today to prevent your family from making this big mistake .

First, calculate your SAI / EFC by using this MyCAP program: CLICK HERE.

Second, once you know how much the colleges think you can pay for school, sit down as a family, and talk about the reality of your situation, so that everybody is on the same page. There is nothing worse than families waiting too late to have the college money talk – usually in the spring of their student’s senior year after they receive their financial aid offers – when they often discover the college(s) of their child’s dreams is not in their budget.

Finally, if paying for college is going to be tight for your family, schedule some time with me today so that I can walk you through what the numbers really mean and help you map out where you can find other money to help pay for college or even better – colleges that will fit your family budget from the start. Please do not allow loans to be your only funding solution. Families who work with me end up being able to send their kids to the right colleges, at the right price!

You can schedule a FREE 15-minute Discovery Zoom Meeting with me TODAY!

Need help with the College Admissions Process, Finding Scholarships, or with Financial Aid?

Schedule your Meeting with Dan Bisig – TODAY!