<p>Well, I have a reverse scenario to contemplate: income that goes UP precipitously. When S applied to college, we were as close to $0 EFC as one could get. (We did have a complicating factor: shared ownership of a piece of real estate that we couldn’t get any money out of, but some schools were willing to see the light on that one.) Near the end of S’s junior year, our income suddenly tripled, roughly. The school told H not to worry, our EFC would be calculated based on last year’s income. Thanks to their extremely generous FA policies, we weren’t expected to kick in 50% of our income that last year, something that could easily have happened elsewhere. </p>