2024 College Financial Aid Costs; What You Need To Know. Recently, we have been receiving feedback from parents who are disappointed in colleges misrepresenting their bottom-line costs. This is also highlighted in a recent story from NPR College financial aid letters mislead and confuse, with real consequences.
When searching for financial aid for college, it’s important to be aware that many college websites are posting outdated total costs (including tuition, room and board, and fees) that can date back to previous years. We are also finding financial aid offers may feature an inaccurate comprehensive fee.
Colleges that require the CSS Profile may use one of two formulas to calculate an institutional EFC, which is a crucial factor in determining a fair financial aid award but may not be included in the offer. That’s why it’s crucial to work with an FAFSA advisor, who can help navigate the process of financial aid assistance. Utilizing a financial aid consultant is especially important for students from divorced families, who may face additional challenges when filling out the FAFSA.
By being proactive and working with an experienced financial aid consultant, students and parents can ensure they have a clear understanding of the financial aid process and receive the best possible financial aid award.
We invite you to take advantage of our free assessment to understand 2024 college financial aid costs and opportunities fully. Contact us to schedule time that works for you.
