<p>Parents DO have an asset protection number that is based on a number of things. It is about $50K for a married couple. SO…your savings would probably be protected. </p>
<p>Even IF the FAFSA considered your money market account, it would be considered as an asset which for parents is assessed at about 5.6%…so for $40K would be $2240. They would NOT wipe you out for your kiddo’s freshman year. </p>
<p>Your family contribution is largely based on your income unless you have very large family assets which would then make a significant contribution towards your family contribution.</p>