Episode 00 Who Is The Fit Institute And What Do We Do

Show Notes Summary Min 1                   The application is free, but that doesn’t mean the student aid is free Min 1:15             This podcast offers information about student loans and doesn’t constitute legal advice Min 2                   Colleges use the FAFSA to calculate each family’s expected contribution (the “EFC”) Min 3                   Each family should assess its own personal financial situation to see if it can afford the EFC Min 4                   Family’s unable/unwilling to save in advance of college are unlikely to be able to repay any loans advanced to them. Min 6-8                What you should consider if you have both low-interest credit card debt and savings and how you should treat retirement funds. Min 7-8                How much of your savings will the colleges expect as the EFC? Remember that any expected contribution is an annual contribution, not a one-time contribution Min 9-10             Colleges will seek to capture any savings of child to offset financial aid