探讨 Financial Aid

和大家讨论一下。 This is my understanding about how Expected Family Contribution (EFC) is computed:

(1) 5.6% of assets:  then what are assets?  Non-retirement accounts including checking, savings and investments, HSA, home liquid?

(2) 32% of the part of AGI*  between $50k ~ $100k

(3) 42% of the part of AGI*  above $100k  +  any 401(k)/403(b) contribution "add back"

*AGI is prior-prior year's (for the coming 2019 academic year, you use your 2017 tax return's AGI)

 

Did I miss or mistake anything?  Which schools use the above method to figure out EFC?

I'm not sure about how home liquid/debt is treated.