Where can you invest money to lower a families efc?

efc?

Inside your Sealy posturepedic.

if the parents are not married have the child file as a dependant under the parent with the least amount of wealths information and ignore the other parent. if the parents are married just look at every liability that they have - mortgage, car payment, etc. and try to find a way to honestly depict a zero or lower net worth. They ask for investments, bank account amounts, and net worth. If you have a very low net worth when you add everything up but you have a relatively large amount of investments and cash in accounts, I would suggest temporarily emptying the accounts to almost zero until your child is an independant for financial aid purposes and put the money towards the house or other payment therefore you still have a low or negative net worth but now you also cannot show any amount under investments or bank accounts. Also remember that the bank account question is referring to the day you file the application so either pick a day when you do not have a lot of money in the bank account or move the money before hand. After your child has reached independant status for financial aid purposes refinance your house or some other maneuver to extract the money out of the house that you put in when she or he started. What's the loss - perhaps some investment returns and interest on the money you had to move before she or he started college. What's the gain - as much as 12-15,000 every year of college in great stafford loans and pell grants. It's obviously worth being creative.