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FAFSA Analysis
Old 04-11-2012, 12:57 PM   #1
Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,294
FAFSA Analysis

Some may find this info useful for dependent educational expense planning.

We skipped FAFSA last year, but I decided to do it for 2012-13 and the outcome was higher than expected, but it's been many years since we only had one student.
  • 25% marginal bracket
  • No substantial savings outside of tax deferreed accounts.
  • Family of 4 w/ one student
  • Gross Income = AGI + 401k contributions
  • EFC=Expected Family Contribution
Taxes Paid.............% of Gross Income
SS/Medicare ....................5.6
State Local Income........... 6.1
Federal Income ...............12.0
Total Taxes.................... 23.7

FAFSA Estimate
EFC ..............................26.5
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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