<p>Does the asset limit of 64,300 include the total of the student + parent assets? Or is it just the parent assets?</p>
<p>What is the meaning of saying that parent assets are assessed at 5% rate and student assets assessed at 20%?</p>
<p>The financial aid guide that I linked to earlier this evening - the California Student Aid Commission’s [“Fund</a> Your Future”](<a href=“http://www.csac.ca.gov/pubs/forms/grnt_frm/newi2_CAworkbook_interactive.pdf]"Fund”>http://www.csac.ca.gov/pubs/forms/grnt_frm/newi2_CAworkbook_interactive.pdf) handbook - references “family” assets, so I assume that means both parent and student assets.</p>
<p>The reference to 5%/20% has to do with the amount that a student or family is ordinarily expected to be able to pay for college. A student will be expected to use 20% of his or her assets each year. Parents will be expected to use only 5.6% of their assets. This is calculated into the student’s EFC.</p>
<p>Thanks for the reply. It does look like this is an unknown issue. </p>
<p>Wish it could be more clear, but I guess they need to keep some of it a mystery for folks!</p>