| When you think about it, the EFC calculation makes little sense. If I am siting on $400,000 of home equity but have an outstanding loan balance of say $300,000 and have as much as $200,000 saved in investment, I probably won't qualify for much aid. Same scenario except I prepay my loan with the $200,000 of savings, assuming that I don't make too much money< I qualify for need based aid. It is very stupid. |