<p>I am in a similar situation here too, about to put house on market. From the research I’ve done it appears that any money I keep after the sale isn’t going to have a huge impact on EFC because savings is given far less weight than income. Estimating with an EFC calculator making $50K on the sale and simply placing in savings has no effect on EFC, it seems.</p>
<p>I know it’s wise to pay off any high interest debt, and to make the highest contribution to a retirement account that I can, but the leftovers could still be fairly significant.</p>
<p>I have seen this # a lot: “parent assets are assessed at up to 5.64%.” - what does that mean, exactly?</p>