Module 3 of College Afforability Project: A Tutorial for College Aid Pro™"-Video #2: Fact and Data Gathering in CAP

Video Transcription

Video Summary

In this video, the speaker provides an overview of the facts component in College Aid Pro. The speaker mentions that most of the information needed will come from clients, but some information will be pre-populated by the College Money Report. The facts tab includes important details such as parent bios, email addresses, phone numbers, birth year, filing status for taxes, and household size. The accuracy of these details is crucial as they drive the Expected Family Contribution (EFC) calculations. The speaker also mentions that the system takes into account factors like zip code and regional tuition reciprocity programs. Additionally, the video touches upon income and assets. Income is a significant driver of the EFC, and accurate reporting is crucial. Assets, including cash, investments, home equity, and other assets, are also considered. The speaker emphasizes the importance of accurately reporting all assets, as this information is used to calculate the EFC. The video concludes by briefly discussing some elements of student bio, including GPA, standardized test scores, and major. Additionally, the speaker mentions that having siblings in college may impact potential scholarships. The next video will cover the budget exercise. No credits were mentioned.

Keywords

College Aid Pro

Expected Family Contribution (EFC)

income

assets

student bio