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College and University Discussion
Reply to "Are we suckers for diligently saving in our kids' 529s?"
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[quote=Anonymous]Your EFC is more or less calculated by using your income for 1-2 years prior to your DC's freshman year of college, and you have to file with your current income every year after that for FAFSA. For CSS Profile, your assets will also be closely examined. And if you're a business owner, you're just basically screwed. Save for college, OP. You don't say how old your DC is, but it's better to be safe than sorry. Take it from someone who is sorry.[/quote]
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