Strategy for Zero FAFSA EFC with high CSS net worth

mom2collegekids
Mon, 15 Oct 2018 21:58:56 +0000

I am intrigued. How does someone construct a scenario that has a zero EFC, 20k in cash each year for college, and cover living expenses for 5 other people? The assets must be hidden. But even using a non qualified annuity, I cannot get it to work in my head. The 5 would have to be living off of a very low amount of income.

This all does sound odd.

@college1970 do your parents own a business? Or at one time own a business?

What is the value of the home?

Trying to imagine how much living expenses would be…prop taxes, utilities, home repairs/maintenance, food, clothing, transportation …for a family of 6.

If they committed $80k per child, that alone would eat up $320k of their nest egg. Not to mention whatever they need to withdraw in real time for ongoing expenses.