develop a savings plan
step two
Get a sense of what your EFC means in terms of total college costs.
Take the EFC from Step 1 and divide it by the cost of a school your child might attend. Charges (tuition, room, and board) at Vermont schools are available at Vermont College Costs. For a rough estimate, use the current average cost of a year at a Vermont public school (University of Vermont) -- $15,372. Or, use the current average cost of a year at a Vermont independent college -- $24,612. Dividing EFC by college charges produces a percentage. Hold on to it.
