Financial Aid for College

ABCs of Financial Aid
These days, it's hard to talk about college without mentioning financial aid. Yet this pairing isn't a marriage of love, but one of necessity. In many cases, financial aid may be the deciding factor in whether your child attends the college of his or her choice, or even attends college at all. That's why it's important to develop a basic understanding of financial aid before your child applies to college.
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Positioning Your Income and Assets to Enhance Financial Aid Eligibility
These strategies take advantage of the federal methodology rules about which family income and assets are counted in determining your family's expected family contribution (EFC).
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Finding the Funds to Pay for a College Education
Finding the funds to pay for your child's college education is like filling a test tube. The length of the tube represents the cost of education at any one school--tuition, fees, books, room and board, transportation, and personal expenses.
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Major Federal Financial Aid Programs
There are several federal financial aid programs that can help make college more affordable. These include loans, grants, and work-study.
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Comparison of Federal Higher Education Loans
Comparison of Federal Higher Education Loans table.
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Financial Aid Calendar
Here's a month-by-month breakdown of important financial aid dates.
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IMPORTANT DISCLOSURES Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2023.