An estimate of a parent’s ability to contribute to their student’s educational expenses.

The date interest charges begin to accrue on a loan.

After taxes and basic living allowances have been subtracted, this is the remaining income.

Amortization refers to loan repayment over a period of time.  Periodic payments are made on principal and interest.

The following are considered assets: bonds, checking and savings accounts, stocks, trusts, other securities, real estate (this does not include your home), income property, business equipment, and inv [..]

Parental assets not included in calculating a parent’s contribution.

Student employment, usually referring to research or student teaching.

Two-year college degree.

Students receive separate official notices from each college’s financial aid office providing an analysis of their financial need and the financial aid package awarded.  Award letters include the amou [..]

Four-year college degree.