<p>I know a few important tips such as making large purchases (laptops ect) or paying down all your bill (mortage ect) and such to reduce your total assets. Can anyone provide me with a list of other important things to do before you fill out your FAFSA? Thank you in advance!</p>
<p>Are you a married parent? If so, then a certain amount of your assets are protected. I think about $40k of your assets are protected as well as retirement accts.</p>
<p>How much do you have in assets?</p>
<p>Keep in mind that FAFSA EFC is largely income driven. Your income will likely have the biggest impact.</p>
<p>I agree with mom2. Before you do a bunch of financial gymnastics, run the net price calculator using the figures before you spend your assets down…and after. Since the family contribution is largely driven by income, you may find that actually having those assets in your accounts makes little or no difference. Plus, you also want to consider whether having those assets available to you for expenses is worth considering. Your assets are only tapped at about 5.6 % of their value meaning that almost 95% Ian t touched at all.</p>
<p>I’m actually a student. Both of my parents make around 67k a year. My EFC is around 8k and for my assets I’m not sure but probably around 50k-100k.</p>