Excluding Real Estate Equity for EFC Calculation

BelknapPoint
Tue, 20 Dec 2022 13:41:30 +0000

edl1016:

So if I sell all of the real estate, buy a $1M yacht & move into an apartment only my income will be used in the calculations.

If one of the goals is to fund a child’s higher education, selling reportable assets and using the proceeds to buy a $1M yacht as a way to game need-based financial aid formulas seems a bit extreme.