Prepaid-tuition plan-does the payment count toward EFC?
any parent out there has Prepaid-tuition plan?
does the payment from Prepaid-tuition plan count toward EFC? for example, if the EFC is $28,000, and pre-paid tuition plan pays $8,000 for the student's tuition, does the family only need to pay the remaining $20,000?
how do we know what type of expense the EFC, the harvard grant, ...etc. are actually paying towards - tuition? room? board,...? This is all hazy to me.
This is a parent of an early action admitted. Thanks.