Introducing a New Expert Content Section: Careers
How do assests play into financial aid on FAFSA and Profile? I have heard its 5.6% of assests added onto the EFC. Are all assests considered equally too? Like is primary home equity and secondary home equity counted the same on Profile? Our family income is fairly low(40-50k) but we have some assests(~150k maybe?) and I'm wondering how the assests will affect our EFC. If it's 5.6% that means it would add around 7.5k/year to our EFC right? Or is it more complicated than that?