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Paying for college is a huge factor in a student's planning and decision. Starting as early as possible to anticipate the cost of college is the best plan.
Free application for Federal Student Aid
Most student will complete the FAFSA each year they attend college, whether or not they qualify for federal student aid. Most scholarships require a FAFSA, even merit scholarships.
In Virginia, students who attend private schools may qualify for the Virginia Tuition Assistance Grant. This is just one example of an available grant to assist with college expenses. Grants do not have to be re-paid.
529 plans allow families to save for college. Be sure you understand the implications of your savings - parent savings vs. grandparent savings, for example.
Expected Family Contribution
Expected Family Contribution
Your Expected Family Contribution (EFC) is an index number that colleges use to determine how much financial aid you’re eligible to receive. Your EFC is calculated according to a formula established by law and the information from your Free Application for Federal Student Aid (FAFSA®).
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