Plus loans vs home equity/mortgage loans

mazewanderer
Sun, 25 Apr 2010 12:28:19 +0000

tammo1: You are nearing retirement. Unfortunately FAFSA and CSS look at your current income, not your projected income in say 2-5 years. So based on your current income, the EFC is high. When you do retire, you can appeal and your aid could change, but I would not count much on it. For example one time payments or cashing in leave could all affect the result. Also remember you need money for the long haul. You cannot take chances, my suggestion would be to stick to the lower cost options.