The college funding and financial aid process is very complicated. PayForED organizes your financial information in one place. As a result, it simplifies the FAFSA, college list building and financial award comparison process. Parents and students no longer need to go to multiple school websites and re-key in all of the same information. In addition, comparisons are done automatically when you are creating your college list and trying to select the right college.
The biggest advantage of this tool is the four-year college analysis. This is done at both the listing building and award letter time-frame. This is especially important at the award letter period where families can input each award letter that is received by their child. Once inputted the system calculates a customized four-year financial outcome for each college. Currently, colleges do not provide this information to families on a four-year projection. A projection of student’s debt at graduation is calculated for each college based on the actual award details.