How do I decrease my EFC?

vballmom
Fri, 11 Jan 2008 17:11:21 +0000

I think bernie’s options will depend on how many children she has, how soon they’ll be going to college, and if the child is planning to go to a public or private school. If she has one child who is going to college this year, then putting some amount of money ($10K, $20K, even $50K) into a child-owned 529 plan would make sense. The trick would be to not over fund this account, but it would serve to shelter some of bernie’s assets at least for this year.