<p>I assume one must reapply and do a new FAFSA and Profile each year, right? If so, wouldn’t it make sense to pay as much of the first year’s cost as you can out of savings, eschewing loans as much as possible, so that your EFC will be lower in Years 2, 3, and 4?</p>
<p>Per S’ school, we did not have to complete the Profile again for next year, but were required to complete the FAFSA again. Our EFC is less than last year but we haven’t received the FA award letter yet.</p>
<p>unfortunately, yes. Also, prepay tuition, room, fees, etc. to make yourself look poorer.</p>