<p>I had always heard that to but if you look at the finaid FAFSA EFC calculator it does calculate at 12% of parent assets. And the EFC formula guide for 2007/2008 also shows it as 12%.</p>
<p><a href=“http://studentaid.ed.gov/students/attachments/siteresources/0708EFCFormulaGuide.pdf[/url]”>http://studentaid.ed.gov/students/attachments/siteresources/0708EFCFormulaGuide.pdf</a></p>
<p>page 9</p>