develop a college investment plan

step seven

Review your plan annually —

Check the performance of your investments.

Stay informed about college cost projections and make necessary adjustments.

Please note some important caveats about college financing calculations:

• There could be changes in the financial aid system, including the formula used to determine your EFC.
• Federal and state tax laws could also change. For questions about your current individual circumstances, consult a qualified tax advisor. Investment results may vary.
• Even if you eventually have enough money for your total EFC, your child might leave school with substantial student loans. Loans are considered part of financial aid, and schools routinely ask students to accept them as part of a financial aid package.
• Even if you have enough money for your EFC, and even if your child has taken on student loans, you could still be left with “remaining need.” You’ll need additional aid, and loans are the most likely source of help. Your child may be asked to borrow more student loans; you as a parent can also borrow PLUS loans (Parent Loans for Undergraduate Students) up to the cost of your child’s education minus financial aid. See VSAC’s guide to paying for college for more information.