{"id":1586,"date":"2015-11-13T08:32:07","date_gmt":"2015-11-13T16:32:07","guid":{"rendered":"http:\/\/springwaterwealth.com\/?p=1586"},"modified":"2020-03-12T00:02:51","modified_gmt":"2020-03-12T00:02:51","slug":"the-cost-of-college-to-save-or-not-to-save","status":"publish","type":"post","link":"https:\/\/springwaterwealth.com\/the-cost-of-college-to-save-or-not-to-save\/","title":{"rendered":"The cost of college &#8211; to save or not to save?"},"content":{"rendered":"<p>The New Times recently published a very helpful article on understanding college savings strategies in their &#8220;Your Money&#8221; section.<\/p>\n<p>&#8220;FAFSA&#8221;, &#8220;EFC&#8221;, &#8220;Pell Grant&#8221;, and more. Financial aid for college is as much art as it is science.<\/p>\n<p>Determining your family&#8217;s Expected Family Contribution is critical, and the EFC formula is intricate. For example, your income matters much more than your savings. The EFC will suggest that you should devote a sliding amount up to 47% of your income to college expenses in any given year, though it will count only up to 5.64% of parents\u2019 assets, like those in a 529 college savings plan.<\/p>\n<p>Click <a href=\"http:\/\/www.nytimes.com\/2015\/10\/24\/your-money\/why-it-makes-good-sense-to-save-for-college-now.html?_r=0\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a> to read the entire October 23, 2015 New York Times article.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New Times recently published a very helpful article on understanding college savings strategies in their &#8220;Your Money&#8221; section. &#8220;FAFSA&#8221;, &#8220;EFC&#8221;, &#8220;Pell Grant&#8221;, and more. Financial aid for college is as much art as it is science. Determining your family&#8217;s Expected Family Contribution is critical, and the EFC formula is intricate. For example, your income [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_mi_skip_tracking":false,"footnotes":""},"categories":[3],"tags":[36,65,66,107],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts\/1586"}],"collection":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/comments?post=1586"}],"version-history":[{"count":0,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts\/1586\/revisions"}],"wp:attachment":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/media?parent=1586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/categories?post=1586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/tags?post=1586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}