Your income may not tell the whole story about what college will actually cost your family.A six-figure household income does not automatically mean your family will pay full price for college. Here's why the colleges on your list matter. Families earning six figures often assume they've already been eliminated from financial aid. But that's not necessarily true. One reason is that federal financial aid and institutional financial aid are not the same thing. FAFSA is the primary application for federal student aid, while many private colleges may use the CSS Profile and their own institutional methodology to determine eligibility for college-funded or institutional aid. So a family that doesn't qualify for federal need-based aid may still receive institutional aid at certain colleges. Here's What This Looked Like for One CFF StudentOne of our former students came to us as a transfer student. The previous year, the student had applied to several prestigious private universities but wasn't admitted to any of them. As the admission cycle came to an end, the student applied to an out-of-state public university with rolling admissions and was admitted. But because the family was not eligible for federal financial aid. They had to pay out of pocket. Then the student came through CFF College Fully Funded®. We helped the student develop a strategic college list and a revamped application approach to reapply to many of the same prestigious schools they had previously targeted. This time, the results were very different. The student received several admission offers with funding packages ranging from: $55,000–$79,000 PER YEAR And here's the part that matters: Every one of those offers would have cost the family less than what they were paying at the out-of-state public university. The Lesson: School Choice MattersThis is why I tell families that your college list is much more than an admissions list. It is a financial strategy. The college with the highest published price isn't necessarily the college that will cost your family the most. Likewise, a public university isn't automatically going to be the least expensive option. What matters is what the college actually offers your student—and what that means for your family's net cost. Some institutions have substantial institutional aid budgets and use their own methodology to evaluate a family's financial circumstances. That's why the question shouldn't be: “What's the sticker price?” It should be: “What is this college likely to cost our family?” This Is What We Do in CFFIn CFF College Fully Funded®, we help students build strategic college lists that consider:
Because the goal isn't simply to get admitted. The goal is admission with funding—so students can pursue their education without unnecessary debt. Ready to pursue college admission with full funding?If you have a prospective college applicant applying this fall and you're ready to take a more strategic approach to college admission and funding, we still have a couple of spots available in our upcoming CFF College Fully Funded® cohort. |
I am a college professor and the creator CFF College Fully Funded® and GradSchool Fully Funded. We help ambitious students, find, apply, and get into U.S. colleges/universities and graduate programs with full funding in order to avoid debt. Please use the links in the Links tab to learn more about me, our programs, or to connect. You can also read a few samples of previous editions of my twice monthly newsletter via the Posts link. If you would like to receive the newsletter on all things college admissions and funding, please subscribe below. To email me: collegefullyfunded@gmail.com .
The sticker price isn't necessarily what your family will pay. Learn how need-based financial aid can change the affordability equation. When families see an elite college with a price tag approaching $100,000 a year, it's easy to assume that these colleges are only for wealthy families. But there's an important distinction between sticker price and actual cost. The Sticker Price Isn't Necessarily What You Pay Most average families cannot afford to pay $100,000 a year for college out of...
Small outside scholarships can help, but they shouldn't be the foundation of your college funding strategy. Here's where families should focus instead. Parents often ask me about scholarships. And understandably so. When college can cost tens of thousands of dollars per year, families are looking everywhere for ways to make it affordable. But there is one scholarship strategy that can quietly consume an enormous amount of a student's time and energy without bringing them significantly closer...
College funding can be confusing. Learn the difference between merit aid and need-based aid, how FAFSA and institutional aid fit into the picture, and why the right funding strategy depends on your family and the colleges you're considering. If you're trying to figure out how your family will pay for college, you've probably encountered terms like merit aid, need-based aid, FAFSA, CSS Profile, and institutional aid. But what do they actually mean—and which types of funding should your family...