<p>ready2go2, </p>
<p>First, congratulations!</p>
<p>Even though your EFC will not drop by much, I would inform colleges and tell them that you anticipate the following impact on your family’s financial situation:</p>
<ol>
<li>increased medical costs this year</li>
<li>possible decrease in mother’s earnings (if applicable, since your mom will have to take time off of work)</li>
<li>increased child care expenses (if your mom will be paying someone to watch the baby)</li>
</ol>