One other possibility that can be used is to pay down your mortgage after you have opened a line of credit in the same amount as your e-fund.The risk is that your LOC limit can be adjusted down by the bank before you use it. Correct me if I am wrong, but from what I remember the FAFSA counts parental assets at a 6% contribution limit. so a 50K e-fund would equate to a 3k difference in annual funding, is that right? A combo approach may be even better, perhaps fund a Roth and pay down mortgage debt. It was our experience that unless parental income was below 45K,there really was no need based aid anyway. Hope this helps JK
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