<p>yes, fafsa uses last year’s income. But, the assets used by (fasfa and Profile) are on what $$ is in the bank today or whatever day you sign it. Thus, you can file fafsa/profile today, with 1.5 million less than you had last week. </p>
<p>Of course, if you still have another seven figures available…and/or income was $200k+ last year…</p>