My husband passed away recently and he left me some money. how will this affect my college plans for my two girls?

The Sams Family

Katherine Sams was a referral from a financial advisor that we've worked with on several occasions. She was in a unique situation where a trust, that was designed to supplement her deceased husband's income, created a situation where she had to choose between paying the bills or sending her daughters to college. Her daughters felt that they may have been limited to the in-state public colleges. We quickly went to work with her first daughter, Sarah. As a senior in high school, time was of the essence. She immediately followed our college selection process and we helped mom with a FAFSA strategy so that her trust would not limit their financial aid. Here are the results of our work together:

Sarah (2018 Grad) - 3.5 GPA / 24 ACT Score

$0 - Adjusted Gross Income

$450,000 - Assets and Investments

Initial EFC - $63,580

Final EFC - $100

Results

University of New England

$52,910 - Cost of Attendance

$33,670 - Grants / Scholarships

$19,240 - True Cost

Lesley University

$45,800 - Cost of Attendance

$22,370 - Grants / Scholarships

$23,430 - True Cost

Mercer University

$51,286 - Cost of Attendance

$31,472 - Grants / Scholarships

$19,814 - True Cost


Sams College Savings

True cost reflects out-of-pocket cost without student loans.