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Why Families May Want To Consider Asset Repositioning Strategies To Reduce College Costs
About 20% of middle-income families will qualify for need-based aid that is higher than their merit scholarship. It often makes sense for these families to consider asset repositioning strategies to reduce their EFC so they are able to capture the additional gift aid that may be available to them. Upper middle-income families, especially those that will have more than one child in college at the same time, can also benefit from this strategy—especially if their student is headed to an…