Right.
There are also a number of families that own a business that’s not counted on FAFSA, but would be counted on CSS Profile…so they know that they won’t get institutional aid if they submit CSS. Some of these people have crazy low EFCs, too.
I know a lady who has a 0 EFC since she literally deducts almost everything against her 6 figure business …but CSS would capture some of those deductions.
This all came out when she said that she was paying $20k per year OOP for her son’s college. I asked her how a 0 EFC person could do that…and she told me… hmmm
It really is a loop hole that FAFSA should close.