Second Home and 529 Plan......

thumper1
Sat, 08 Aug 2015 20:51:54 +0000

Regardless of your income and assets, your kids can take the Direct loan amounts. $5500 for freshman year, $6500 for sophomore year, $7500 for junior year, $7500 for senior year. These are in the student name only…not the parent at all.

But that is NOW. Who knows what will happen to those loans in two years.

The fafsa4caster you are using is for NOW…not two years from now.

If the $117,000 in secondary real estate assets aren’t making a change in your EFC, you are doing something wrong. Are you sure you are entering that amount in the right spot…accurately? That should add $6000 or so to your EFC.