Fidelity Investments - Savings and Financial Aid

You've done a great job saving for your child's education-now it's time to plan how you're actually going to pay for it. The prospect of paying for college may seem intimidating, but with proper planning, it doesn't have to be. Here are some simple ways to get started.

Search & Apply for Financial Aid & Scholarships

Research federal financial aid

Learn more about federal financial aid from the
U.S. Department of Education.
Look up the Federal School Codes for schools your child wants to attend. You'll need these to complete your applications.

Fill out the Free Application for Federal Student Aid
(FAFSA) and the CSS Profile

Obtain a Personal Identification Number (PIN)
Complete the FAFSA.This is the primary financial aid application for most colleges and universities.
Private schools may require that you complete the CSS PROFILE^®. The CSS website will list which schools require this form.

Research state financial aid opportunities

Research scholarships

Find out about scholarships and other financial aid opportunities at Finaid.org

How Much of My Child's Tuition Am I Expected to Pay?

Your share is called your Expected Family Contribution (EFC). Based on an analysis of your annual adjusted gross income and assets, EFC accounts for and factors in grants, loans, and work-study programs for which your child qualifies and financial aid you can expect to receive. Finaid.org can help you estimate your EFC.

How Your Family Contribution is calculated. This chart explains how your expected family contribution is calculated. It adds parental income, parental assets, student income, and student assets to arrive at your Expected Family Contribution, the amount of tuition you are expected to pay. Parental Income is 22% to 47% of your Adjusted Gross Income. Parental Assets are 3% to 5.6% of your non-retirement assets, including 529 savings plans and brokerage/mutual fund accounts. Student Income is 50% of your child's income over $3,750. Student Assets are 20% of your child's assets, including UGMA/UTMA accounts, and other savings.

Guidance & Retirement College Planning
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	You've done a great job saving for your child's education-now it's time to plan how you're actually going to pay for it. The prospect of paying for college may seem intimidating, but with proper planning, it doesn't have to be. Here are some simple ways to get started. Search & Apply for Financial Aid & Scholarships Research federal financial aid Learn more about federal financial aid from the U.S. Department of Education. Look up the Federal School Codes for schools your child wants to attend. You'll need these to complete your applications. Fill out the Free Application for Federal Student Aid (FAFSA) and the CSS Profile Obtain a Personal Identification Number (PIN) Complete the FAFSA.This is the primary financial aid application for most colleges and universities. Private schools may require that you complete the CSS PROFILE^®. The CSS website will list which schools require this form. Research state financial aid opportunities Research scholarships Find out about scholarships and other financial aid opportunities at Finaid.org How Much of My Child's Tuition Am I Expected to Pay? Your share is called your Expected Family Contribution (EFC). Based on an analysis of your annual adjusted gross income and assets, EFC accounts for and factors in grants, loans, and work-study programs for which your child qualifies and financial aid you can expect to receive. Finaid.org can help you estimate your EFC.

Financial Aid