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There exists two general areas of financial aid: (1) "Need-based aid" is reflective of a student's and her parents' financial situation and is based upon information collected on the FAFSA (Free Application for Federal Student Aid) which generates an Expected Family Contribution or "EFC." The higher the EFC, the greater an amount a family is expected to pay. (2) "Merit-based aid" reflects a college's appreciation of the student's unique academic resume, interests and talents and consists generally of money that does not need to be repaid.
Immutable Law of College Funding: "The better the student, the cheaper the education." Great students are often admitted to colleges generous with financial aid. Education Funding Solutions offers academic tools and college funding analysis and tools to make college much less expensive. Both are necessary factors of the "make college cheaper" equation: We Maximize the Student and Minimize the Cost. Contact us to understand how Princeton can be cheaper than Rutgers and Penn cheaper than Penn State!