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Author: foo1bar Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8174  
Subject: Re: Early retirement/retired parents Date: 2/26/2012 2:15 AM
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A few threads previous, someone mentioned following through on early retirement plans as a strategy for minimizing parental contributions under FAFSA. Can anyone expound on this?

FAFSA uses both assets and income to calculate contributions.
So if the parents are retired, there is probably a much much smaller income.

My advice would be to do a FAFSA to see what the numbers wind up as. I believe you can find places online to do that for free without giving up any real identifiable information about yourself.

I have no idea how FAFSA is done for divorced parents (or for assets/income of a new spouse for the custodial parent) - you'll have to research that.
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