<p>We submitted CSS profile with estimates since due date was in Dec. We are in the middle of home improvement project which, when completed, will shift a significant amount of "cash/investment" assets to home equity asset. Using the calculators with assets pre-construction, when we filed profile, our EFC was higher than education costs. When we run the numbers with our estimate of assets after construction our EFC will be significantly lower. I read that FAFSA should be filed ASAP after 1/1 in all these forums, but in this case should we hold off until the assets are"spent down?" And if so, even though I put a note in "other info" on CSS profile about this pending shift in assets, will the decrease in investment assets,even with a rise in home equity value, raise eyebrows and create an issue for us?</p>
<p>It would be logical that for FAFSA EFC would go down if assets go down because they don't count home equity. CSS schools count home equity.</p>