Preemptive Strikes often lead to Victory!
Your Family Contribution, also known as your “Expected
Family Contribution” , is an amount of money that the Federal
Government determines that you can afford to pay per year, for
college. This amount does not increase if you have more than
one child in college. After all, you may have two children in
college at the same time but you still only have one job to pay
for it.
The Federal Government uses the numbers that you provide them
so that for every dollar that you overstate (barring given minimum
thresholds) you will over-pay for your childs education by the
same amount.
Managing the accuracy of your Expected Family Contribution is
critical because it sets the stage for how much financial aid
you will receive.
