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Use the article from Forbes to answer these questions in complete sentences. Please
change your responses to another color or bold.
http://www.forbes.com/sites/troyonink/2014/11/28/2015-guide-to-fafsa-css-profile-collegefinancial-aid-and-expected-family-contribution-efc/
32.What information will be given at the end of the college admissions and aid application
process?
33.What elements are included in the financial aid award letter?
34.What factors contribute to the total cost of attendance?
a. Tuition
35.What is the formula for out-of-pocket cost?
a. Cost of attendance minus financial aid package
36.Why might the out-of-pocket cost be greater than what is calculated using that formula?
a. You still have to pay the loan plus interests
Extra Credit: At home, speak with your parents and review the chart in the article 2015 EFC
Quick Reference Table for College Aid and answer these questions.
A. Is it likely you will qualify for need-based financial aid?
B. What is the plan to pay for college?
C. Are there any colleges your parents will not let you go to? Or, are there any limits they
have for where you can go to college? (Distance, cost, 2-year or 4-year, etc.)