Saving for college in mutual funds that are not sheltered within a 529 or other non-assessable account can have a huge impact on your Expected Family Contribution (EFC). Mutual Funds Create a Double Assessment Mutual funds are not only assessed as an asset at 5.6% to determine your EFC but the internal capital gains, dividends, and interest income are also assessed as income at 47%--a much higher rate than the asset assessment! It’s the latter assessment, of course, that can really do serious damage to your…
GET IN TOUCH
By filling out the form below, we understand that you are ready to talk specifics and find the best possible college experience for your student. Our team will be in touch with you within 2 business days. We gladly use video conferencing or phone calls for clients who are unable to meet in person.
We can't wait to get started!