<p>I posted this earlier in the parent's thread, but no replies. Am hoping someone over here might pipe in--</p>
<p>We STILL have yet to receive FA info from GW, but have a question about their Fixed Tuition plan-</p>
<p>S2 has money in a college fund that we started for him years ago. The amount is large enough to have a substantial effect on this year's EFC, but stil low enough that it will be used up well before he finishes freshman year. Does the school take that into account, or did we shoot ourselves in the foot somewhat? We thought we were doing the right thing at the time, but am starting to wonder, at least in this case. Will we be stuck with a higher cost now for all four years?</p>
<p>the fixed tuition plan means that the cost of tuition stated for next year will not be greater the year after that etc… until he graduates. it does not have anything to do with your finaid package which may vary from year to year. for example you may be able to pay more this year and receive an aid package of 10k in grants with some loans that no one really wants to take, then next year you may get 15k because your assets are not as high as they were, but the cost of tuition will not increase. so if it’s 43k next year you will pay 43k for tuition every year he is there minus whatever aid you received. i do not know if this applies to room and board and the price of books will likely remain the same.</p>