College is a business. Parents and students who think otherwise will be setting themselves up for failure in the financial aid process. Colleges have a job to budget their money wisely, especially in regard to financial aid packages. The less aid a school can give a student the better for the school.
Therefore, it is the job of parents and students to understand the role of the financial aid officer and what s/he does for the school. Can families work with financial aid officers to negotiate the best package for them?
Understanding Expected Family Contribution
Firstly, government processors of the FAFSA (Free Application for Federal Student Aid) must look at the key elements such as the income and assets of the parents and the student.
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