@BelknapPoint can you weigh in on this.
ETA a change! I believe making this contribution will note reduce your taxable income…as it will be added back in as income. If coming out of a bank account…This could reduce your FAFSA EFC by a very tiny bit.
Will it result in you getting more need based aid? Is that what you want to know? If so…the answer is…that is very dependent on lots of other things…like your income anyway. You might be above the threshold for getting need based aid anyway. And also, it depends on the colleges…because there are many many different ways need based aid is calculated. Since we don’t know your total financial picture or the colleges involved…the question of whether this $6000 reduction in your assets will result in increased need based aid cannot be answered (and I’m not asking for the details of your finances).