<p>That was a pretty bad article. There were so many things it left out. What was the family’s income? If their EFC was about 48K, they most likely have a pretty high income. Did they have any money saved for college? If not, why not? If articles like this really want to help families, they should explain the basics of how financial aid works and is calculated and that whenever possible, families need to be saving for college from the moment their kid is born.</p>