<p>It is amazing to me that anyone could think that having savings is a bad thing. You have college savings for a reason. The amount that is added to the EFC is virtually nothing. If you have savings that high that it’s going to significantly affect the EFC then you’re probably not going to get much aid with our without that savings (as it is <em>usually</em> accompanied by a high income as well and most colleges don’t give very good need-based aid).</p>