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here are five FAFSA tips that can lower your EFC or expected family contribution [Applause] [Music] hi everyone Im Tina Steele the FAFSA Guru and if you like what I have to say be sure to subscribe to my channel by clicking the link below families are always looking for ways to reduce their expected family contributions so that they can get more financial aid on average families are expected to pay 30 or more of their annual income on their childs college education for just one year and then the more assets a family owns the more that EFC goes up which means less financial aid for the student so here are some tips that can actually help you reduce that expected family contribution so you can get some more financial aid tip number one if you have a big chunk of money sitting in your bank account consider paying down your mortgage or putting some of that in your retirement accounts [Music] the reason I say that is because those are two assets that are protected that you do not have to