<p>If you know that your family EFC is not going to even come close (too high) to the college COA, then by all means there is no reason not to have the funds in the student’s account.</p>
<p>Surprisingly, however, last year, our EFC was such that with our two in college, they would have qualified for some subsidization of Stafford loans, had they both gone to the highest cost colleges and did not have merit aid. Not much, but some, and, yes, their bank accounts would have made a difference.</p>