Correlation between FAFSA and Profile EFCs

RijeosXeper
Sat, 27 Jan 2007 17:32:04 +0000

I just finished the FAFSA and my EFC came out at about $6,000. I thought it was more than it would be, considering my family’s income is a bit over 50k combined for 4 people.

However, I was wondering about how much more should the CSS Profile EFC come out to be ?. My parents only have about $30k in their 401k (for the two of them) and about $35k in home equity. There’s no other savings from me or them… I’m paranoid that they’ll boost the Profile EFC because of the 401K and/or the home equity.

Is anybody familiar with this stuff ?