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Before getting deep into picking schools and submitting applications, let's figure out your family's actual budget!
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Instructions:
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1. Use this worksheet to list all potential resources you can allocate toward your student’s college education.
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- On the "My College Budget" tab, fill in the yellow cells with your family's information.
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Example: 529 Plan(s): $ 25,000
<--- input information in these yellow cells
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Pro Tips:
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- Estimates are fine and feel free to adjust the values to project various scenarios.
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- If you’re saving for multiple children, divide shared accounts and only include the portion designated for this child.
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- The graphs on the My College Budget tab are dynamic and will adjust to your inputs.
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2. Compare your total budget to the average 4-year cost at both public and private colleges.
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- If your expected budget is higher than the average 4-year cost, the results will be highlighted in green.
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- If your expected budget is lower, the results will be highlighted in red.
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3. Figure out what your SPECIFIC net costs will be at YOUR top schools!
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- Go to www.mycap.collegeaidpro.com to create a FREE account
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- Fill in your student's academic and your family's financial information.
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- Add your My College Budget information from this template to your profile.
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- Add your target schools to your dashboard to see your customized net costs and affordability grades!
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