@thumper1 - it seems the OP may not be 100% sure what he filled out, someone else pointed out that the ivy’s require more paperwork than just a FASFA, also OP just raised his family’s income by about 20K and we have no idea what the side business did in 2018.
thumper1:
For FAFSA purposes, $100,000 in the bank would add $5,600 or so to the EFC. Primary home equity is not considered at all.
For Profile purposes, the home equity is likely considered in some way.
@NJdad07090 balances in 401 K accounts are not included in the need based aid calculations. BUT the contributions made to tax deferred retirement accounts are most definitely added back in as income. This student mentions “income” but I am wondering if this includes those 2018 tax deferred retirement account contributions. That could make a large difference depending on the amount contributed.
I wonder what this parent’s gross income is…before any deductions are taken.
The student mentions a side business that has dried up. But he doesn’t say if the medical practice income has changed.
The OP seems to be…gone.