When we first started looking for assistance, our daughter had already completed two years at a private Ohio college. Up to that time, we had spent approximately $23,000 each year for a total of $46,000 (including PLUS Loans). We had completed the FAFSA forms on our own for these first two years and our EFC (the family’s expected financial contribution) computed to $28,000 per year.
Since our daughter is an excellent student and had received numerous scholarships and grants, our financial obligation was considerably reduced, as the cost for the college she attends is approximately $43,000 per year. Nevertheless we still paid $23,000/year for her first two years.
After taking advantage of these professional resources, our family’s EFC was dramatically reduced to less than $10,000 per year, resulting in a $13,000/year reduction of our daughter’s college expenses.
Our son is now in his first year at a $46,000/ year Ivy League school. We are now spending less than $10,000/year total for both our children, who attend schools costing a total of $89,000 annually.
~ The Diemand Family