The article neglects to mention a 4th type of financial aid; work-study is also available for most students and should be utilized whenever possible. Regarding the calculation of aid, the writer fails to mention that there are three ways that colleges may employ. There is the Federal Methodology, Institutional, and the Consensus Methodology which results in an Expected Family Contribution (EFC) or an Estimated Family Contribution (EFC) respectfully.
15 freaky facts about financial aid eligibility
via savingforcollege.com
