How do I decrease my EFC?

purplexed
Sat, 12 Jan 2008 22:33:04 +0000

Commercial message:

Single parents who save liquid assets for their children’s educations get penalized more than families with two parents.

The asset protection allowance for a single parent, age 50: 20,100. For two parents, same age: 49,000.

Yes, the formula only takes a small percentage of parent assets, but it still doesn’t make it right than single parents get less than half the asset protection.

Search links posted by sueinphilly under an EFC thread for more details and a full chart.