EFC Question??

Paying for College
6

I think you mean the IRS…not the IRA.

I have no idea what your dad did.

He could have done any of the following:

  1. Taken money out of a tax deferred retirement account.
  2. Taken money out of a regular savings.
  3. Rolled money over from one tax deferred retirement account to another.
  4. Contributed to his tax deferred retirement account in the amount of $20,000. But on $20,000 income...that seems unlikely.

Or something.

@sybbie719 if this student is low income in NY…wouldn’t they qualify for the excelsior? Would that replace the Pell as the last payer?

This scenerio is not clear to me. To be honest…I have NO idea what happened here.

@BelknapPoint I feel like I’m asking the wrong questions…any ideas?