Student $ contribution...

Paying for College
1

<p>Hey guys,
figuring out how to pay for college has to be the most stressful thing i've ever done..
anyway,</p>

<p>Ive read that basically, colleges count 20% of a students assets as usable for college. </p>

<p>First of all, is this number correct???
Second, is this 20% counted yearly, or for the entire four years?</p>

<p>EX: Say I have 10,000 dollars. Would they count $2,000 towards my TOTAL undergrad education (2,000 in one year?) or would they count 2,000 every single year (just assume its 10,000 in the account every year.)????</p>

<p>Thanks</p>

2

<p>for FAFSA yes the 20% is correct. If you have $10k in assets your EFC will increase by 2000. It is the annual figure and will be recalculated every year based on your assets at the time of filing each year.</p>

3

<p>Each year you would fill out a new FASFA and enter the amount of your assets as of the day you fill it out. The 20% would be calculated based on that number.</p>

4

<p>K thanks guys.</p>