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As of the following statements regarding education funding are correct EXCEPT a. during the goal-setting process, the financi
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Answer #1

The answer is option “d” - depending on how much money will be available when the child enters college, a formula, called anticipated financial contribution (AFC), can be used to determine how much money must be invested now or over time to meet the amount of savings necessary for college.

Explanation - This is because with regards to education funding it is the EFC formula that is relevant. The EFC indicates how much of a student's family's resources ought to be available to assist in paying for the student's education.

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