2009 Fafsa change may have saved me $1500 dollars. Verify please?

Paying for College
1

<p>I took at look at the revised 2009 EFC Formula located here today:</p>

<p><a href=“http://www.ifap.ed.gov/efcformulaguide/attachments/111408EFCFormulaGuide0910.pdf[/url]”>http://www.ifap.ed.gov/efcformulaguide/attachments/111408EFCFormulaGuide0910.pdf&lt;/a&gt;&lt;/p&gt;

<p>At the bottom of page 5, it says that the parent income cap to qualify for an automatic zero EFC has been raised to 30,000 from 20,000. Last summer, I made about 7,000 dollars at a summer job. If the automatic zero EFC cap had stayed at 20,000 this year, I would not qualify and would therefore have a 1500 student contribution because of my summer job. But since the cap has been raised and I DO qualify for the zero EFC now, my income is ignored right? If I’m correct, I’ve just saved $1500.</p>