we’re pretty new to this all; but from what we’ve seen playing around with FAFSA and EFCs this year for our senior and for our rising senior – income plays into the formula more than assets. (we have not toyed with CSS/Financial Aid Profile)
It was very discouraging at first as we knew NOTHING about how scholarships/financial aid/Out of State schools/Private schools worked with aid; and we didnt know the costs of colleges. thanks to this site, we have more of a plan . . . and are trying to be realistic.