<p>How muct does non-income producing real estate (other than primary residence) impact EFC. This is real estate that was inherited, and hopefully if the RE market shifts can be used for retirement.</p>
<p>For FAFSA, it is reported at net asset value (estimated FMV less selling costs and mortgage, if any). Parents have an asset protection allowance which is based on the age of the (oldest) parent…you can look up the number in the EFC Formula Guide. Once that allowance is exceeded, assets are assessed toward EFC at 5.6% per year.</p>
<p>Does anyone know the rules for asset protection on CSS? Also, once the allowance is exceeded, how are they assessed?</p>
<p>5.6% is the asset assessment…about.</p>