How You Can Maximize Student Aid: Strategies for the FAFSA and the Expected Family Contribution (EFC) to Increase Financial Aid for College

Updated and Revised for 2012: How You Can Maximize Student Aid includes current 2011 tax forms and 2012-2013 EFC rules. Find explanations for: all the components that determine federal student aid, the better places to save, and what you should think about come tax time. The goal is to maximize aid while keeping assets accessible, growing with tax benefits.

An in-depth understanding of the Expected Family Contribution for the 2012-2013 college year will help families and students strategize prior to completing the FAFSA.

A mistake on the FAFSA can result in loss of several thousands of dollars in aid. This valuable reference guide will provide you with new ideas and help you prioritize, whether you are saving for a newborn or if college is looming just around the corner.

Inside this Quick Reference Guide You Will Find:

• Free Application for Federal Student Aid (FAFSA): Quick overview
• Expected Family Contribution (EFC): Detailed formula explanation
• Ideas for All Income Levels: Take advantage of formula rules
• Tax-free and Tax-deferred Places to Save: Explore investing options
• Education Accounts: Choose the right one and who should own it
• Life Insurance: Discover all the flexible uses
• Single or Divorced Parent: Learn valuable strategies just for you
• College Offers: Distinguish between free money and award of debt
• Tax Benefits for Education Expenses: Make smart choices

Tracy Foote consults with leading advisors on investing, life insurance, and student eligibility for federal aid. Her book provides an introduction to the financial aid process, giving parents extensive information and sound advice. Whether parents are saving for a newborn or college is looming around the corner, they can identify areas to save thousands of dollars. Her other financial advice book is The Kid s ROTH IRA Handbook and she has a blog at KidsAndMoneyToday.com.