Podcasts about expected family contribution

Ever wondered if college tuition is negotiable? In this episode of Day One Dollar Zero, we sit down with Kelly O'Connor, founder of College Money Academy, to unravel the complexities of financing a college education. Kelly shares groundbreaking strategies to help families reduce the cost of college, avoid massive debt, and maximize opportunities for their children. From understanding financial aid packages to negotiating tuition rates, this episode is packed with invaluable insights for parents and students alike. Whether you're gearing up for college applications or planning ahead for the future, this is a must-listen! Timeline [3:45] - Meet Kelly O'Connor: Background and journey into entrepreneurship.[15:20] - The pivotal moment: Discovering that college tuition is negotiable.[22:35] - How financial aid packages really work—and why they're often lowballed.[30:50] - The importance of packaging your student for success: Clubs, grades, and leadership.[42:15] - Breaking down FAFSA and the strategies to reduce your Expected Family Contribution.[55:00] - How College Money Academy helps families save thousands on tuition.[1:05:10] - Marketing, webinars, and reaching parents nationwide with the right tools. Key Takeaways College Costs Are Negotiable: Parents should never settle for the initial financial aid offer. There's almost always more money on the table. Start Early: Begin preparing as early as freshman year by focusing on community service, leadership roles, and extracurriculars. Understand FAFSA: Learn how your income and assets impact your financial aid eligibility—and why repositioning assets isn't always the solution. Package Your Student: A well-rounded profile with strong academics, leadership, and community involvement can make a huge difference in reducing costs. Get Expert Help: Navigating the college funding process can be overwhelming. Experts like Kelly O'Connor and College Money Academy can guide you through every step. College Money Academy: collegemoneyacademy.com

Get your pen and paper out because in this episode, we're pulling back the curtain on all things financial aid!

#107 – Today, we present three steps to take after completing the FAFSA. These are easy-to-follow steps that will ensure that you receive your financial aid as soon as possible. Additionally, we walk you through a detailed description of the steps taken to award you need-based and non-need-based financial aid. As the episode progresses, you will gain an understanding of what your Student Aid Report will tell you and what it will not tell you. You will also understand the meaning of Cost of Attendance and your Expected Family Contribution. On this episode, Jankel and I go to great lengths to try to demystify what goes on behind the scenes as your financial aid is processed, and attempt to give you an optimistic outlook, reminding you of the many advantages that will be available to you when it comes to helping you pay for college. You can access the show notes for this episode at https://www.collegemetropolis.com. Every link we talked about on this episode will be listed on the episode page. We are grateful that you are part of our College Metropolis community. Please help our efforts by telling others about us, giving us a 5-star rating, and leaving us a positive review. We sincerely thank you!

#105 – On this episode we present the 10 most common mistakes students and parents/guardians make when filling out the Free Application for Federal Student Aid (FAFSA). Although some of these mistakes are easily avoidable, some can be more difficult to catch. We talk about several elements related to applying for financial aid, and highlight the importance of keeping track of the 3 different types of deadlines and applying early. Jankel also gives advice to students and parents/guardians whose Expected Family Contribution may be more than they could afford. She follows her advice with a story in which she helped a close friend lower her family's Expected Family Contribution. You can find the show notes for this episode, including several important links on our website at https://collegemetropolis.com. Please help us reach a wider audience by giving our podcast a 5-star rating and leaving us a positive review. We greatly appreciate it. Thank you!

THIS IS THE STATE FOR Thursday, October 28th WHERE WE BRING YOU THE HEADLINES THAT MATTER.  I'M RACHEL FULTONIngham County Health Officer Linda Vail said COVID cases are declining at Michigan State University.In a recent update, Vail followed with saying that MSU had 24 new cases a week. From the previous week there were more than 40 cases. If anyone was wondering if cases were going to rise after fall break, she doesn't think so. This is due to the lack of surges after the return to campus in September from football games or fraternity and sorority rushes. MSU's success against the COVID-19 virus is mainly to blame for their implementation of vaccine requirements, according to Vail.Since the 1980's, MSU freshmen have been required to live on-campus for one full year. Now it is changed to two years. The reason behind this is because studies show a 2.5 percent increase in graduation rates of on-campus students opposed to off-campus students.This requirement is believed to help students overcome the "sophomore slump"; a circumstance related with feelings of dissatisfaction and uncertainty that can be referred to as less services and programs.Students' feel that the new requirements are forceful and if dorms were in better condition, they will see an increase in student positivity coming back to live on campus for their second year.On Oct.8 of this year MSU students received an email notifying them that they should be expecting a grant from the Higher Education Relief Fund or HERF. These grants ranged from 600 dollars to 1200 dollars and were given to provide support for any COVID-19 related emergency expenses for those who have an Expected Family Contribution or EFC of 20 thousand dollars or less. Students with an EFC of 20 thousand dollars or more received an email with an application for the American Rescue Plan Act or ARP. The funds are also based on demonstrated need in their application. Only 3,600 students were chosen out of the 34 thousand that applied for ARP fund.Many students were confused at the fact that their siblings received the HERF grant while the other sibling received an email for the ARP application. That is simply because the EFC of each individual in the household varies based on the income of the students themselves and the income of the parents combined.THANK YOU FOR JOINING US FOR THE STATE... PRODUCED BY THE STATE NEWS AND IMPACT EIGHTY-NINE F-M. YOU CAN FIND US ONLINE AT STATE NEWS DOT COM AND IMPACT EIGHTY-NINE F-M DOT ORG. WE'LL BE BACK TOMORROW WITH MORE.

College planning for college bound families can be a big stressor. Deciding on where you want to go to college is tough enough, but figuring out how you're going to pay for it can be extremely overwhelming. In this episode, Derek is touches on some of the basics you are going to want to be aware of when it comes time for you to begin your college planning journey. Derek talks about Cost of Attendance, Expected Family Contribution, Financial Aid Need, and more!Enjoy the Episode!You can connect with Derek on social media at:https://twitter.com/derekjdelaney https://www.linkedin.com/in/derekdelaneypharmdfp/ https://www.facebook.com/PharmD-Financial-Planning-LLC-116600423803050Or by email at:derek@pharmfp.com

What to think about before applying to college.In this episode, Trishul and Aaron discuss the planning that parents and students go through before applying for college. Aaron shares his experience as a high school student and how he funded all four years with scholarships. Trishul explains how he started saving two years before his daughter was born. They discuss grants, loans, and the Expected Family Contribution. There are so many resources available to help fund higher education that you need to start researching as early as you can.Episode ReferencesMMS #28. Is a million-dollar higher education worth it?MMS #23. Molly Laughter: How to conquer debt and still get ahead.MMS #81. Molly Laughter: Don't refinance those student loans until you listen to this episode.Fastweb scholarship search (What Aaron used to find so many scholarships)StudentAid.gov EFCFinancial Aid EstimateStudent Aid IndexExpected Family ContributionFinancial Aid SearchSallie Mae scholarship findHow to spot and avoid scholarship scamsPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

In this episode, Naka is joined by Ryan Morrissey of The Retire With Ryan Podcast to discuss how to maximize student aid by understanding the valuable FAFSA form. The Free Application for Federal Student Aid opens October 1st and can help provide some financial aid to students based on several factors discussed in the episode, such as Expected Family Contribution. Ryan shares his insight on how to manage parent and student assets and position your family in the best way to not only make the process easier but also maximize aid received.SHOW NOTESwww.morrisseywealthmanagement.comwww.retirewithryan.comhttps://studentaid.gov/h/apply-for-aid/fafsahttps://www.collegeboard.org/https://studentaid.gov/sites/default/files/2021-22-fafsa.pdf

Show me the money! In this second part of our four part financial aid series, we'll talk about what grants are out there for students, who is eligible, and how to get those grants. Hint: it all starts with completing the FAFSA! 

When your students are applying for college, you will hear a lot of new acronyms. None are more important than the acronyms that effect and explain the workings of financial aid. We'll share what the FAFSA, EFC, COA all mean in this first podcast of a four part financial aid series. You'll know what the acronyms  stand for and why they are so important to helping you get all the aid you qualify for to attend the college of your choice. Join us for this episode as we lay the foundation of understanding college financial aid. 

InternCLE Episode 060 The Cleveland Museum of Art Key Jo Lee – Director of Academic Affairs and Associate Curator of Special ProjectsHannah Hilditch – Academic Programs CoordinatorCMA currently offers several ways to learn experientially at the museum. Visit their website for updates on their programs and to apply: https://www.clevelandart.org/internshipsCMA Student Guide ProgramThe CMA Undergraduate Student Guide Program is an experiential training internship that enables college students to engage museum audiences by designing tours, guiding close-looking, presenting in educational videos and virtual programs, and researching and writing art history. As a CMA Student Guide, you will have the opportunity to explore the CMA’s permanent collection, deepen your knowledge of art history, and gain public speaking and writing skills. Additionally, Student Guides contribute to numerous educational projects across museum departments, so every year offers guides new challenges and exciting ways to share their skills and interests with CMA audiences. To apply, you must be: A first, second, or third-year undergraduate of any major, enrolled full time. Eligible to work in the U.S. From an underrepresented minority group, A first-generation college student, Receiving significant financial aid.General (academic year, summer)The CMA offers a variety of internships during the summer and fall and spring semesters. Undergraduate internships are offered in the following departments: curatorial, public and academic engagement, conservation, human resources, philanthropy, collections management, and visitor services. As of the Fall of 2020, all internships are funded.Warshawsky +Summer on the Cuyahoga (SOTC) Fellowships (academic year, summer)The CMA is pleased to introduce the combined Warshawsky fellowship and the SOTC experience. This means that fellowship recipients will receive a US$3000 stipend, free dormitory housing, and unique immersion into the community with the ultimate goal of having fellows build networks permanently located in Cleveland and Northeast Ohio. Head to the website to learn more. Arts Intern (summer only)The CMA partners with the Studio Institute's Arts Intern program to offer paid summer internships for undergraduate students who demonstrate financial need. You must be enrolled as a full-time undergraduate student as of the Fall 2020 semester. You must be a rising Junior or Senior. Attend college in Cleveland, or live within Cleveland or the boundary established by the Inner Ring Suburbs. Have an Expected Family Contribution of less than $5000 (listed on your FAFSA). The blog referenced in the show that the CMA Student Guides are contributing to can be found here: https://medium.com/cma-thinker Thank you to Angela Finding and the GCP team! I enjoyed being a facilitator of a round table session at the 2021 GCP Internship Summit! It was a great event, don't miss it next year!

In this candid talk, Bonnie Burkett teaches us some secrets of cutting college costs. One of her secrets is the CLEP and this is a great article that can take you through the process www.collegeinfogeek.com/clep. For a "guestimate" of your family's "Expected Family Contribution", please visit https://fafsa.ed.gov/spa/fafsa4c/#/landing Bonnie's Book can be found via this amazon link https://www.amazon.com/ENOUGH-College-Cost-Crisis-financial-ebook/dp/B0868Z6F7Y and her blog is www.lightwayenterprises.com/blog And as always, if you would like to have a call to see what it would be like to work with a financial advisor, email me at David@parallelfinancial.com or go to www.calendly.com/davidpf

In this episode you will hear: (07:07) In this week’s news segment, an article from the Center on Budget and Policy Priorities, “Unkept Promises: State Cuts to Higher Education Threaten Access and Equity”, by Michael Mitchell, Michael Leachman, Kathleen Masterson, and Samantha Waxman. State funding for public two- and four-year colleges in the school year ending in 2018 was more than $7 billion below its 2008 level. This article makes the case that funding has only rebounded slightly for colleges and universities and why lawmakers need to reinvest in public higher education with increased funding and better financial aid policies.  We discuss which states have made the largest cuts and which states have increased tuition the most.     (24:52) We are in Chapter 97 of 171 Answers and Mark explains how your Expected Family Contribution is calculated and why it is important for you to understand. Mark explains the difference between the Federal Method and the Institutional Method. Mark also explains why EFC is such a confusing concept for people to properly understand.   (45:29) This week’s question asks if a student should leave the question about race and ethnicity blank on their college application. Mark shares the perspective a recently articulated by an AO at a highly selective school and Mark makes the point that a lot of times an AO will be very PC when this question is asked.   (57:10) Mark kicks off his interview with Emily Griffin, Director of the Loeb Center for Career Exploration and Planning, at Amherst College in – How can you evaluate and fully utilize a college’s career center - Part 1 In Part 1, Emily covers the following areas:   Emily starts off by sharing her backstory with all of its twists and turns “What services do college career centers provide?” What are the student facing vs employer facing components of the work of the Career Center   (01:05:37) Mark’s recommended resource of the week is The recommended resource for episode 97 is the following eight minute video that looks at the pros and cons of the three biggest MOOCS-Cousera, EdX and Udacity.   (01:19:58) The College Spotlight is Seton Hall University   Don't forget to send your questions related to any and every facet of the college process to: questions@yourcollegeboundkid.com If you enjoy our podcast, would you please do us a favor and share our podcast both verbally and on social media? We would be most grateful! We are excited to give our listeners a chance to play a role in shaping what topics we discuss, as well as what guests we have on our podcast. You can let your voice be heard by completing this survey. Just put the following link in your browser and give us your honest feedback. We thank you in advance. Every episode of Your College-Bound Kid will align with a chapter from the book 171 Answers to the Most-Asked College Admission Questions. To get a copy go to Amazon and click:   If you want to place a bulk order, you will save money by purchasing this book at 171answers.com. Every penny goes to The Atlanta Mission, a Christian organization that helps over 1000 homeless residents every day.  If you want to see what future episodes will discuss in the book chapter section,  just go to 171answers.com and then click the red button "See exactly what 171 Answers covers"

A brief summary of this episode

NewFed’s Brian Damico Dive’s deep into Ryan Mcsheffrey of Mill City Financial Partners and Scott Murphy of Newfed Mortgage: EFC or Expected Family Contribution calculated by: Assessable assets Income Re-managing your assets can add to your financial aid benefits How far in advance should be planning for your child’s college education? Which methodology is the school using to calculate tuition? Institutional – Most Privates Schools Federal – Most Public schools How can a home equity line of credit play into things? 5:1 arm Home equity line 15-30 year mortgage All of these reduce EFC Merit based vs need based aid Reach out to Ryan with any question 6173129820 ryanmcsheffery@hotmail.com Mill City Financial Partners       This and every Easy Money New England Podcast is recorded live at The Studio 21 Podcast Cafe and is Hosted on the United Podcast Network and is brought to you by NewFed Mortgages.

Learn the basics about Expected Family Contribution

In this episode, we will discuss the biggest myths about paying for your children’s college tuition. And we'll share with you how you can survive your children's college years without destroying your retirement. This is an exciting topic. The cost of college tuition spiraling out of control can cause a lot of stress on parents. They think it’s up to them to be able to afford for their kid's college tuition. But it's not all financial doom and gloom. There may even be a way to make paying for college tuition painless. A lot of parents believe several major myths about being able to afford college tuition for their children. And these parents are planning on paying for college tuition without realizing that some of these myths aren’t true. You see, the way colleges and universities determine financial aid and grants is very different from what most of us are taught to believe. So join us as we dispell mythise and bring some sunshine to your outlook. ~ College Tuition Topics Discussed: ~ * The mounting task of paying for college tuition * Dispelling the "I make too much money" myth * What factors college financial aid actually look at to determine eligibility * FAFSA (Free Application for Federal Student Aid) and what Expected Family Contribution is * How inherited capital and assets impact your child's chances of getting college financial aid and grants * How your 401K and IRA contributions can impact your kid's ability to get college financial aid * The limitations of 529 plans * How 529 plans can hurt you ~ Episode Takeaways: ~ * Even people who don't make a ton of money believe they can't receive any aid for college tuition. Not true. * The biggest thing that will prohibit you from getting any financial aid is if your kids have assets -- including 529 plans. * Approximately 5 to 6% of the family’s assets are included in the Expected Family Contribution calculation * The family income—the perceived factor people stress about the most —is what colleges weigh the least ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e15      

In this episode, Vice President of Strategies for College Todd Weaver shares the four fatal flaws that families make when it comes to the college planning process. Be sure you avoid these common pitfalls and set both your child and yourself up for college planning success.

Many of the students we meet with are already set on pursuing a pre-med track when they get to college, with the ultimate goal of attending med school. In this week's show, we'll be doing another high school plan session focusing on the best preparation inside and outside the classroom for those students. We'll also discuss how income is treated in the Expected Family Contribution calculation, and talk pharmacy program options and admissions. Don't miss it!

Many of the students we meet with are already set on pursuing a pre-med track when they get to college, with the ultimate goal of attending med school. In this week's show, we'll be doing another high school plan session focusing on the best preparation inside and outside the classroom for those students. We'll also discuss how income is treated in the Expected Family Contribution calculation, and talk pharmacy program options and admissions. Don't miss it!