2018-2019 FAFSA... Here we go

mommdc
Thu, 05 Oct 2017 02:41:16 +0000

Do you just have FAFSA schools @MACmiracle? If your income was under $49,999 in 2016 and you received reduced lunch, then simplified needs test would apply for FAFSA, and assets would be disregarded.

@SeeksKnowledge did you have one or two in college last year?

The parent EFC is calculated from income and assets, then divided by number of kids in college.
Then each kid adds to that their portion from assets (and/or income)

The college board EFC calculator is updated with 2018/19 formula (use federal methodology), you can enter different amounts of assets to see the final EFC.