Here is an overview of the report sections that we will customize for you:
Based on the college of your choice, the report will first show you the 6 year graduation rate.
The U.S. Department of Education tracks the graduation rate of nearly 4,000 degree granting institutions. The 6-year graduation rate includes all students who originally set off to secure a 4-year degree and finally achieved that goal in 6 years or under. A poor 6-year graduation rate may suggest a high frequency of students taking longer than 4 years to graduate. Every year of college becomes more expensive than the last. Graduating from a higher priced college in a shorter period of time can wind up costing a family less.
Next, we will show you the current COA or Cost of Attendance for your target college.
This is the total amount inclusive of Tuition, Room & Board, Books, Fees, Transportation and Miscellaneous costs as reported by the school to the U.S. Department of Education. COA reflects ONE YEAR for the average student. (Because you may want to consider off-campus housing, we'll show you separately the Room & Board costs)
The AVERAGE AMOUNT OF NEED MET is something that you should be aware of and it's next on your report. We're going to estimate your financial aid eligibility at the school of your choice. Knowing that information is nice, but what is more important, it knowing how that school will likely respond to your need. We have award history on nearly 4,000 colleges nationwide and unless you know what to expect from the college in your cross-hairs, you'll never know if you should have expected more.
Finally, we will give you a breakdown of exactly how that school has helped families just like yours. We will give you the breakdown of GIFT AID vs. SELF HELP AID. If a school helps you with 100% of your need but all if it is in SELF HELP (Loans)...that's probably not the deal you were hoping for!
Questions? Call 513-554-0826
THE NEXT PART OF THE REPORT IS VERY IMPORTANT:
Based on your input, we will calculate YOUR EFC (Expected Family Contribution). This is what you will be expected to pay toward the cost of colege at the school selected before qualifying for ANY need-based financial aid. By starting with the EFC and not the COA, you will have a much better idea which schools are REALLY more affordable.
CAN YOUR EFC BE IMPROVED? OPTIMIZED EFC. The fastest route to lowering your out-of-pocket expense is to OPTIMIZE your EFC. You will see a very simple question on your report (WE WILL HIGHLIGHT IT IF AN OPPORTUNITY EXISTS FOR YOU TO LOWER YOUR EFC), that question asks, "Could the family qualify for additional financial aid by implementing college planning strategies?" If the answer on your report is YES, you'll probably want to follow up with us unless you don't mind spending more on college than you have to.
WIthout considering any opportunity for IMPROVING your EFC, we will show you the breakdown of the financial aid you should expect from the college you've selected. You will see the projected amount of Grants/Scholarships (GIFT AID) as well as the amount of Work Study/Loans (SELF-HELP) we project for your student at the school selected.
FINALLY, we'll show you the total dollar amount of the scholarships for which your student is academically qualified (other qualifications may exist for specific scholarships).