<p>BTW–FAFSA definitely does not take into account parental age, although it claims to do so. We had our kids late in life, and we are now at retirement age. FAFSA says that means $68K of our assets can be excluded fron their EFC calculations.</p>
<p>Who on earth can retire on $68K? In this rocky, uncertain economy???</p>
<p>It’s totally unrealistic. We’re expected to blow our retirement savings, thereby impoverishing both ourselves and our kids. After 35-plus years of hard work, frugality, and savings. Gee, thanks, FAFSA.</p>