<p>what’s the difference between this and the fafsa?</p>
<p>They consider more than just your current income and cash assets. For example, any home equity is included. 401K is still not considered, but many other assets are.</p>
<p>The expected contribution from the total of these assets is something like 6% per school year, but multiply by 4 kids and they have almost “taken” it all.</p>
<p>I think of it as a means to verify that you are not overqualifying for aid because you are asset-rich but cash-poor.</p>