Fiscal Cliff and EFC

<p>Taxes will be rising for everyone in 2013… dont be fooled. Payroll tax cut expiration alone will increase taxes approx. minimum $1000. per family. Possible loss of deductions…mortgage interest, charitable deductions, etc. Loss of deduction is also a tax hike! Medicare Premium tax of 3.8%… And then if you have to sell investments to pay for college ( including real estate) … cap. gains hike.</p>

<p>Also, a FAFSA needs to be filled out regardless of financial situation. Every year. Even if your student only wants to do a work/study = research.</p>