Reason One: Processing Time

Because of time to process, families could move on to another school before they ever get an aid award.

FFNA: 2-3 weeks compared

CFA: 2-3 nanoseconds

FFNA: expedited processing for FFNA $40

CFA: expedited processing $0 – it’s just part of our service

(mailed or faxed applications are ready for report within 3 working days)

Reason Two: Flexibility

1. FFNA's calculations are not customizable

CFA's calculations can be customized on four levels.

2. FFNA tells the school how much to give to each family.

CFA tells the school how much they can afford, the school can adjust the awards based on funds available and each family's unique needs

1. FFNA calculations are based on last years W2 not on current monthly income

CFA's calculations are based on current monthly income (4 check history)

2. FFNA does not allow for differences in current expenses, particularly: mortgage (most families largest monthly expense).

CFA's calculation considers 10 areas of essential basic living expenses – expenses that are almost impossible for families to change.

3. CFA's calculations received an accuracy rating of 93% by school clients

Schools wishing to verify application data while using FFNA's services have a difficult, time-consuming process.

CFA clients can choose to have CFA verify family's income and expenses at 8 critical points. This headache can be completely eliminated

Reason Five: Actual Costs:

	CFA	FFNA	ISM
Annual Fee	$35	$100	$200 for non-member schools
Processing with 3d party verification	$30	not offered	not offered
Standard processing	$20	$30	$32
Expedited processing	no charge	$40	no charge