When to run EFC calculators

cptofthehouse
Tue, 25 Nov 2014 19:16:17 +0000

You can run the NPCs anytime you want. I suggest you run them for a number of colleges, several times for each college with different scenarios. However, with a family business involved, a lot of NPCs for colleges not using just FAFSA, like the schools requireing PROFILE may be way off, as a lot of schools treat businesses very differently from the way FAFSA does, and schools do differ from each other on how they treat businesses, treat different businesses differently. IT becomes a big question mark as to how a school will look at your business.

I suggest getting some good safeties, schools that you know you can afford on the list just in case your business makes financial aid an issue. And add some schools where your child has a decent chance of getting merit money. You just can’t depend on those calculators with a business in the picture.