Recently, I found out about an issue with my EFC—though it should’ve been clear from the get go. My family’s annual income is 20k but my EFC is 15k. My household has 5 people and we have less than 500 (yes, 500) in our bank account.
After a recent discussion with a financial aid counselor at one of the schools I was accepted into, I found out that my family’s EFC is only so high because of a pension my family’s failed franchise has gotten in 2017 (50k, which only cushioned my parents’ financial deficit).
Problem is that my family is unlikely to even be able to get <i>any</i> private student loans given our financial situation, which I won’t go super in depth on. What should I do?