The Family Contribution

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How to Prepare for the Student and Parent Contributions

The critical factors in deciding family contribution are; Age of oldest parent, Number of children, Number of people in college, Your income and assets, Your child,s income and assets. Below is a breakdown of which assets are included or protected through the federal formula.

 

Assessable Assets

Stocks and bonds
CDs
Savings/checking
EE savings bonds
Small business
Trusts
Mutual funds

Non-assessable Assets

Annuities
Life insurance
Retirement plans
Home/farm equity