<p>So my parent inherited $200,000 in 2009, which we had to put as "untaxed income." But we used this money (literally) to pay off medical bills and debt. Will having it in "untaxed income" raise EFC? I know in the estimation calculator it definitely does (by a TON, even though our actual income is $19,000 and I have another sibling in college), but will colleges look at the fact that we no longer have the money? I just did the EFC calculator and it scared me. Thanks all.</p>
<p>I think on the CSS profile and FAFSA, there’s a place to enter the money you paid for medical bills on such. If not, then you could probably just email them with your QuestBridge ID number, college id number, common app id# or whatever they gave you and tell them about it. They wouldn’t not consider just because you inherited some money then spent it all on something necessary.</p>
<p>Okay, that’s true about the medical bills thing. So the EFC Calculator should just be disregarded since colleges can see my parent’s current savings?</p>