<p>My dad just got done doing our FAFSA and CSS Profile online. We recently sold a vacation home, so our EFC was ALOT more than we had expected it to be. </p>
<p>We put something in the special circumstances section of the Profile, but I'm not sure if colleges will understand. Should he call them or write the fin. aid office...if so, when? (before or after awards are distributed)</p>
<p>hi</p>
<p>I don't know. If you hadn't sold the vacation home, you still would have listed the market value of the vacation home on both the FAFSA and the Profile, so I don't know if the EFC would change that much?</p>
<p>Just guessing. Could be wrong.</p>
<p>Hope someone else can help more than I.</p>
<p>Thanks...</p>
<p>Well, before it was sitting their empty because we couldn't rent it, so it was always a loss...</p>
<p>Now that we sold it is a gain, but we really didn't gain anything and it was only a temporary gain (if that).</p>
<p>The addition of the "gain" from the sale to our 1040 just greatly skews the adjusted gross income....and makes it about $20k more than it will be any other year.</p>