Due to having a large amount of money in the stocks, FAFSA has put our EFC at around 50K. We certainly cannot contribute that much. We were saving our stocks until retirement, and when paying capital gains would be more reasonable. Income wise we take in about 150K and each child has about 70K saved for college in 529. We will have a 2nd child in college, but not for 2 more years. D is applying to schools that start at around 40K per year, some as high as over 60. There will be some merit aid, but I was hoping to not have to 2nd mortgage our home or sell those stocks. to stretch the 70K and even add 10 to 15K per year I was hoping to get costs down to around 35K /year. I dont want to run out of money after she is a sophmore .
When giving aid, do the schools stick to FAFSA? Will they even talk to you about circumstances (cannot really sell stocks)
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