Comparing Financial Aid Award Letters

Comparing Financial Aid Award Letters

As you weigh your college decision options, we know many of you are comparing multiple financial aid award letters.  Unfortunately, this process can sometimes feel overwhelming.  Many colleges and universities have their unique award letter structure and communicate...
New Year’s Resolutions for 2021

New Year’s Resolutions for 2021

Hi, I’m Ann Garcia, CFP®, the College Financial Lady. I’m a fee-only, fiduciary financial advisor. I help families plan and finance affordable college education. I’m also a mom to college-aged twins, so I’m right there with you. Has there ever been a year as hotly...
Ask the Expert: Financial Aid Appeals

Ask the Expert: Financial Aid Appeals

Updated March 2021 Q.Our family’s financial situation has changed since we completed the financial aid applications. Can we appeal our financial aid award?   A.The Covid 19 pandemic has brought this question to the fore. If affordability is a concern,...
Ask the Expert: The Award Letter

Ask the Expert: The Award Letter

Updated February 2021 Q.The award letter is for next year only. Can we expect the same amount of financial aid every year?   A. The major factors considered in a need-based financial aid award include the cost of education (which may increase from year to year)...
Calculating Financial Aid Eligibility

Calculating Financial Aid Eligibility

Eligibility can vary significantly from one college to the next simply because of the COA. At College A, the student can receive up to $40,000 in financial aid, but is only eligible for up to $10,000 at College B. Colleges determine eligibility for need-based...