How much do student and parent savings affect fafsa's EFC?

Paying for College
3

<p>Students assets have a larger impact $ for $. Students have no asset protection and 20% of their assets go to the EFC.</p>

<p>Parents have some asset protection based on the number of parents and the age of the older parent (no relationship to income). Any assets over the protected amounts @ 5.6% goes to the EFC.</p>

<p>Formula is here. </p>

<p>[IFAP</a> - EFC Formula Guide](<a href=“http://www.ifap.ed.gov/efcformulaguide/111408EFCFormulaGuide0910.html]IFAP”>http://www.ifap.ed.gov/efcformulaguide/111408EFCFormulaGuide0910.html)</p>

<p>Asset protection table is on page 19.</p>