New here..seeking advice

sueinphilly
Fri, 15 May 2009 17:14:11 +0000

DEFINITELY run the EFC calculator at the collegeboard website.

Being a stay at home mom (or only have 1 working adult in a 2 parent family) I think affects the work allowance in the fafsa. Realize that some schools use the CSS profile and that is what is referred to as the ‘institutional method’ of calculating how much you can afford to pay.

I can’t emphasize running these numbers ASAP so you have a clue as to what your EFC will be. If you have money saved under the kids names, move it into your name if possible as student assets have no protection allowance and they are assessed at a much higher rate than parents assets.