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The College Solution: A Guide for Everyone Looking for the Right School at the Right Price by Lynn O’Shaughnessy

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Federal Versus Institutional Methodology

Plenty of online calculators can help you get a good idea of whether you will be receiving financial aid in the future. If your child is a sophomore or junior in high school, you should run some preliminary numbers. If your child is just starting twelfth grade, you should make this a priority before your child starts applying to schools.

One tool you should check out is the federal government’s FAFSA4caster (www.fafsa4caster.ed.gov). The FAFSA4caster calculates financial aid based only on the federal methodology. This is the methodology used to determine whether a family is eligible for federal money such as Pell Grants and subsidized Stafford Loans.

If you’re considering private schools, you’ll also ...

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