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The College Funding Coach: TuitionCents Series - Shared screen with speaker view
Brigida Ward
26:40
how can I lower my efc? my son is a Jr now
The College Funding Coach
29:09
Good evening and welcome to our webinar! Please let us know what questions you have. Thank you!
Mike Russell
37:28
Hey Everyone, here is the link to the survey to get your feedback from tonight's session: www.cfcsurvey.org
Mike Russell
37:45
www.cfcsurvey.org
The College Funding Coach
44:10
Hi Kimberly. FAFSA can be completed starting October 1 of the year prior to wanting aid!
Geetha Sundararajamoorthy
47:51
What if EFC is not a constant one for a family (impacted by job loss, COVID etc)?
The College Funding Coach
49:59
Geraldine—Regarding home equity…it’s generally the QUICK SALE VALUE of your home—what you could get in the market if sold today!
RC Tucker
50:06
Do retirement distributions count as income?
The College Funding Coach
53:57
RC—Retirement distributions generally do count in the formula if they are taxable distributions. Don’t shoot the messenger!
The College Funding Coach
54:43
Erin—No, the chart was just a few examples. We’ll dive into the full formula next.
The College Funding Coach
56:15
Geetha—We’ll talk about extenuating circumstances like those you described shortly (as well as appeals)!
Motria Horodysky
56:37
Total costs of some private colleges are now between 70-80K
The College Funding Coach
57:33
Christina—Divorce situations are tough. If you can stick on at the end, I can talk you through how to approach this!
Christina Zanotto
58:32
ok thank you
Geetha Sundararajamoorthy
01:00:17
Isn't this self-help % paid by the family? If so, why is this not included along with EFC?
The College Funding Coach
01:02:29
Hi Somali. You can see all of these percentages of aid met and how it’s met on websites like www.collegeboard.org.
The College Funding Coach
01:04:34
Yes, Michele. Twins is just one strategy. No need to adopt an 18 year-old! 😉
The College Funding Coach
01:08:43
Yes, Geraldine. You complete the FAFSA every year for which you want to be considered for aid.
The College Funding Coach
01:10:24
Somali—For planning purposes, the EFC only applies for need-based aid. Merit-based aid frequently doesn’t care about need.
Motria Horodysky
01:10:39
Why is an older parent better for FAFSA?
The College Funding Coach
01:12:24
Motria—Older parents have an advantage because, in theory, they are closer to retirement and don’t have as long for the money to compound.
Motria Horodysky
01:12:36
thank you
Michele Kayal
01:13:14
phew……thanks
The College Funding Coach
01:13:35
We’re here for ya, Michele!
Carol Leftwich
01:14:08
Should Hailey have out her $$ in an IRA or would that count against her?
RC Tucker
01:17:04
Not sure if you can answer this but does having too much "need" impact the admissions process?
RC Tucker
01:17:25
rather...the admissions decision.
Michele Kayal
01:18:01
when is the FAFSA due?
Shona Koetteritz
01:18:17
If I take money out of a Roth IRA to pay for college is that added income to my student?
Rahel Beyene-Tadesse
01:18:59
Hello. If you already have a child in school and had FAFSA, how can you improve your EFC? I believe we have to fill out the FAFSA yearly
Rob Trull
01:21:26
Whats the most common way people are able to reduce their EFC?
Geetha Sundararajamoorthy
01:26:40
What does the code indicate on the FAFSA report?
RC Tucker
01:31:52
How does existing debt (credit card, other) factor in?
Mike Russell
01:32:10
Please use this : https://www.cfcsurvey.org
Geetha Sundararajamoorthy
01:42:06
EFC number on the SAR report is it the $ amount which family has to contribute or is it just a number which is translated to an amount at the selected college?
RC Tucker
01:46:56
Great session. Thanks!
Shonee Williams
01:47:33
Thank you very much Brock & Mike for tonight's webinar.
Elise Bengtson
01:47:56
thank you!
Geetha Sundararajamoorthy
01:48:00
Thanks much! Brock and Mike. Excellent webinar!
Ragini Patel
01:48:43
Thank You
Rahel Beyene-Tadesse
01:48:45
Thank you!
Roberto Monserrate
01:48:57
Thank you !!!!
Ragini Patel
01:49:08
can we have recording?
Ragini Patel
01:49:38
great thank you