The College Money Guys - May 2018

THE EARLIER, THE BETTER ADVANTAGES OF PLANNING FOR COLLEGE ASAP

REASON NO. 2: You want your child to pick a college based on the school’s ability to give you money. Most families pick schools without considering which school best meets their financial needs. Students start picking schools near the end of their junior year, visit the campuses during the summer, and then apply during their senior year of high school. The entire process, from travel to application expenses, is very costly. Most families are stunned when they find out there is no way they can afford most of the schools their children applied to. Avoid this by researching which schools have the best histories of giving good financial aid packages during your child’s junior or senior year. REASON NO. 3: You must start one year in advance if you want to apply for private scholarships. Although private scholarships make up 1 percent of all college funding,

HAVE A LAUGH The first day of college will be here before you know it. How prepared are you right now? If you are like most families, chances are your answer is “not very.” For parents of high school sophomores and juniors, time is definitely on your side, but if you start planning now, you can put your college-bound child in the best position possible. Here’s why. REASON NO. 1: You must know how much your family is expected to contribute toward college costs. The government expects you to pay your fair share toward the cost of college. The Expected Family Contribution (EFC) is the minimum amount of money schools expect you to pay toward your child’s education. If you wait until your child’s senior year of high school to find out your EFC, you will have no time to save, and you may be forced to borrow more money to cover the cost of your child’s college education.

they can be worth looking into. Private scholarships are sources of free money that never have to be repaid. Private foundations and organizations offer scholarships based on ethnic background, religious affiliation, talents, hobbies, athletic abilities, and so on. You can only get these sources of funding if you apply for them. Start looking and applying as soon as possible! If you wait until senior year, you reduce the chances of landing a scholarship, regardless of eligibility.

GRILLED SKIRT STEAK WITH ASPARAGUS

INGREDIENTS • 1 1/2 pounds skirt steak • 2 tablespoons canola oil • 1 pound asparagus

• 2 teaspoons crushed red pepper • Salt and pepper to taste • Grated pecorino Romano cheese

INSTRUCTIONS

1. Heat grill to high. Season room-temperature steak with salt, pepper, and 1 tablespoon oil. Any oil with a high smoke point, such as canola, will work. 2. Trim bottom inch of asparagus. Season with salt, pepper, and remainder of oil. 3. Cut steak into four portions and grill for 3–5 minutes per side, depending on desired doneness. Skirt steak is thin and will cook quickly. 4. Let steak rest for 10 minutes. While it’s resting, grill asparagus for 6 minutes, turning once. 5. Sprinkle cheese and crushed red pepper on asparagus. Serve alongside steak.

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