<p>Deniah…any money YOU have in YOUR savings accounts is assessed at 20 % for FAFSA purposes. Any money your parent had is assessed at 5.6%. AND your parents have an asset protection allowance before the 5.6% kicks in. You, the student, have NO asset protection allowance.</p>
<p>Plan on having $3500 added to your EFC from your savings for this first academic college year…and for any subsequent year, for that matter.</p>