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College and University Discussion
Reply to "FA Question: Inherited house, now worth $1M, now what? "
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[quote=Anonymous]You're right that the EFC on the FAFSA is income based only. Asset based adjustment for EFC is only on CSS Profile or on the supplement from schools that take FAFSA. If you find a school that only takes FAFSA and doesn't request a supplemental form then they will calculate EFC just on income and won't worry about the house equity.[/quote]
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