No liquid cash

MassDaD68
Wed, 24 Jan 2018 18:30:19 +0000

Colleges/FAFSA definitely look towards liquidity more than assets. Just not in the way you think or would like. It is basically an Income approach. Very liquid as this represents your weekly paycheck. I think what your talking about is something akin to a free cash flow or maybe simply cash in the bank.

FAFSA will only count around 5% of the cash in your bank but will ask for upwards of 50% of the cash you earn weekly.

For some it is good and for others it is bad.

I suspect you have a fairly high paying job (relative to national averages. I am on the east coast so I get how relative) to produce an EFC of $30K. That is good.