Strategy for Zero FAFSA EFC with high CSS net worth

blossom
Wed, 17 Oct 2018 00:25:19 +0000

Twoin- you win.

OP- as you can see, based on what you’ve posted, there are several different ways your financial aid could go. Make sure you have all the information you need before you work through some of the college’s Net Price Calculators- so you have your parents wage income AND dividends, capital gains, interest, rent, royalties, etc. The NPC’s won’t be accurate if your parents earn 20K per year from salary but are generating another 60K in dividends, rent, share of a business (even if they no longer work in the business) etc.

And if your parents are eligible to file their taxes using the 1040A you can suggest to them that they take a look at the forms before they file their 1040’s next year.