Easy Money New England

Collage Aid Made Easy

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NewFed’s Brian Damico Dive’s deep into Ryan Mcsheffrey of Mill City Financial Partners and Scott Murphy of Newfed Mortgage:


  • EFC or Expected Family Contribution calculated by:
  • Assessable assets

  • Income


  • Re-managing your assets can add to your financial aid benefits

  • How far in advance should be planning for your child’s college education?

  • Which methodology is the school using to calculate tuition?
    • Institutional – Most Privates Schools

  • Federal – Most Public schools


  • How can a home equity line of credit play into things?
    • 5:1 arm

  • Home equity line

  • 15-30 year mortgage

  • All of these reduce EFC


  • Merit based vs need based aid

  • Reach out to Ryan with any question 6173129820 [email protected] Mill City Financial Partners

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    This and every Easy Money New England Podcast is recorded live at The Studio 21 Podcast Cafe and is Hosted on the United Podcast Network and is brought to you by NewFed Mortgages.

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