<p>This is a very interesting and complicated topic. It DOES seem that responsible, hard-working parents who plan ahead and try to save along the way are penalized. My friend (from the OP) casually mentioned that they have money in the child’s name–one of the state 529 (is that the right #??) plans. I suggested to her that that’s going to be problematic with regard to the FAFSA as a high % of the kid’s $ figures into the EFC. I believe that’s right, isn’t it? </p>
<p>Thanks to all who have contributed related information!</p>