<p>While assets in an IRA are ignored by FAFSA, money put into an IRA this year would be added back to income in the EFC formula. Income impacts the EFC by more than assets (up to 47% for income versus up to 5.6% for assets).</p>
<p>While assets in an IRA are ignored by FAFSA, money put into an IRA this year would be added back to income in the EFC formula. Income impacts the EFC by more than assets (up to 47% for income versus up to 5.6% for assets).</p>