<p>Colleges will make adjustments based on loss of income, and large expenses such as medical (and probably nursing home ) costs incurred during the base year (for instance the tax year prior to the school year i.e. 2006 tax year for 2007/2008 school year). They cannot adjust the EFC but can adjust the figures input to FAFSA such as income. I don't think they make adjustments to assets.</p>
<p>To be honest I doubt that they will consider possible future expenses - after all we all might have to pay for a nursing home or might lose our jobs or might be hospitalised - until it actually happens I would be surprised if they would take it into account (after all even if you have several children with probable 'future' college costs you do not get any adjustment unless they are actually in college at the same time). If you provide more than 50% of her support you may be able to include her as a houselhold member and if nursing home expenses are actually being incurred then you may get an adjustment - but I think the assets will be regarded as being available for college. I'm not a financial aid specialist so the above is just my opinion - but is based on what I have read about financial aid and the sort of things they are willing to make adjustments for.</p>