<p>Hi,
Have a high School Junior and just starting to look at the process. Did the online FAFSA4caster. The first index number I did came out at 7414. Then I went it and got rid of some real estate that I can deed out of my name and it dropped it to 803. Can someone tell me what that means? Is it worth the hassel it to get the land out of my name to help with financial aid?
Thanks…</p>
<p>Did you include your parents’ info when you did the 4caster? If you did, and if it still came back at 803, then it may well be worth getting rid of the property. Of course, if you sell it & make money, that money ends up being an asset that might raise the EFC.</p>
<p>With 803, you get a Pell grant & possibly Academic Competitiveness Grant (and maybe some SEOG & institutional money). With the higher EFC, you won’t qualify for Pell, ACG, SEOG.</p>