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[quote=Anonymous]FFS people!

"I'm seeing conflicting info as to whether: (1) equity in primary home, and (2) retirement savings such as IRAs and 401Ks raise your EFC.

Does anyone know the answer?? And whether the # of kids in a family is considered?"

EFC is what's produced when you fill out FAFSA. FAFSA does NOT look at primary home or retirement savings. There is no conflict. It's just that lots of people in this forum like to give out inaccurate info. But note that schools are not required to only go by what the FAFSA formula tells them. They can ask supplemental questions. And some schools (only about 200) will make you fill out CSS.

--- "But there are a few important assets that the FAFSA ignores: assets inside retirement accounts, home equity value, and the value of any small businesses that the family owns and controls.

That’s not the case with the longer, more complicated CSS profile. With 241 questions to the FASFA’s 108, the CSS profile is a much more in-depth look at a family’s finances, and part of that look is how much equity you have in your home.

About 200 U.S. colleges — generally schools that are both selective and expensive — use the CSS profile in addition to the FAFSA. But unlike the FAFSA and its set percentages, there is no definitive amount of home equity that the CSS thinks your family should contribute toward college expenses." --- https://money.com/college-financial-aid-home-equity/[/quote]

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