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College and University Discussion
Reply to "Financial aid is a scam"
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[quote=Anonymous][quote=Anonymous]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? [/quote] Some schools include primary home value in calculations, some don't. I don't think anyone includes 401K. That only factors in in terms of the contributions you made during the year which need to be included in your income for that year, but I have never seen a college factor in the 401K savings.[/quote]
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