EFC and parents savings

<p>Last year was our 1st FAFSA. Family income is about $140K, bank accounts about $5K, EFC was computed at $33K. This year everything about the same except we've inherited about $70K in cash and stocks. Can anyone project how much that may effect our EFC?........Thanks</p>

<p>The assets are hit at about 5% of value. So I believe your EFC will go up about $3500. This is very rough and I am assuming absolute simplicity so don't go by this. You really do need to run through the numbers as there are dozens of scenarios that can affect what I just wrote.</p>