How do I decrease my EFC?

unusual
Thu, 29 Jul 2010 15:46:18 +0000

Our oldest is a soon to be college freshman and we have two entering college in the next two years. If we use all our saving to pay tuition for this year ($24,000 after aid) and have about $7000 left. What should we do with the $7000. Our second car is 10 years old with major mileage. From reading these posts we should have used the money to replace the car when our oldest was in 10th grade. If we use that $7000 on home repairs this year what is the effect? We have only our primary residence, a home equity line of credit and no consumer debt