<p>Dad’s Income $44,630
Step Mom’s Income $67,764
Adjusted Gross Income $115,327</p>
<p>EFC $24,622</p>
<p>Does this sound really high to you? That’s like a quarter of my family’s income! AND that doesn’t take into account daycare expenses for my two little sisters (ages 1 and 3)?</p>
<p>Print out the EFC formula, and work through it on paper. That way you will know exactly what contributes to your EFC. <a href=“http://ifap.ed.gov/efcformulaguide/attachments/010512EFCFormulaGuide1213.pdf[/url]”>http://ifap.ed.gov/efcformulaguide/attachments/010512EFCFormulaGuide1213.pdf</a></p>
<p>And yes, your family result sounds just about right.</p>
<p>Your efc sounds just about right to me too. We have a similar income and got a tiny bit higher EFC with one child in college. As far as I know, daycare costs for toddlers aren’t counted in FAFSA. The profile asks about tuition costs for younger children in school below HS but not daycare costs.</p>
<p>Does this sound really high to you?
No-sorry
Our adjust gross is $92,000
Our FAFSA EFC is $26,000.
Yours is possibly lower because you have siblings still at home.
Remember, outgo is not regarded as closely as income.</p>
<p>Nope! </p>
<p>My parent’s income was ~91k and my EFC became 30149.
I’m the only one in college though my parents support my 25 year-old brother enough to be in the household…</p>
<p>So yours sounds right.</p>
<p>Our AGI is $111,000 and our FAFSA EFC is $40,000.</p>
<p>We have an only child but are older parents (late 50s) with no pensions so are putting the max into 401(K). I am afraid FAFSA thinks we have that money available to spend on college.</p>
<p>Until these posts all I’ve seen here are people reporting EFCs in the single-digit thousands, at most. I guess we should be grateful that we are presumably much better off than those families! Still, there’s no way we could spend $40K per year on D’s college education. We need to keep up the retirement savings so I don’t have to retire from my professional job into a gig at Walmart or the like, to keep food on the table.</p>
<p>Nope, sounds about correct.</p>
<p>Sounds a bit low, if anything.</p>
<p>Also, remember that the FAFSA and its EFC are just for determining eligibility for Fed. loans. Each college and university can determine need any way they want. And if you’re talking about a PROFILE school, then there’re even more information and variables used in the eventual fin aid calculation.</p>
<p>I agree - it actually sounds a tad low for the AGI. I would have expected at least $27K - $30K.</p>
<p>Your EFC sounds a little low. </p>
<p>You shouldn’t really look at it as 1/4 of income. The assumption is that parents are saving for college for years, and will borrow some, and will pay some out of current income…</p>
<p>So…look at it this way…$8k from savings, $8k from loans, and $8k from current income. I’m not saying that that is exactly how the calculation works out, but it’s the philosophy behind EFC.</p>
<p>Keep in minds that schools believe that families have the primary responsibility to pay for college.</p>
<p>Starbucks…what has been going on during the last week? A short time ago, you said that your parents wouldn’t contribute towards college…and then later your dad got mad and said he was kicking you out of the house on your 18th Bday.</p>
<p>Have you all reconciled? Has he agreed to pay? If not, then the EFC could be $15k or it could be $25k…not much difference when dad won</p>
<p>No, things have continued to be very awkward and hostile…Dad is still not contributing towards college.</p>
<p>If your dad is not contributing, then your EFC doesn’t matter one bit. What matters is locating a school that you can afford entirely on your own with either merit-based money, or just with Stafford loans and your own earnings. Tough I know, but there it is.</p>
<p>Starbucks…</p>
<p>Happymom is right.</p>
<p>When parents won’t contribute, then EFC is irrelevant. What difference does it make if your EFC is $25k or $20k?. The only benefit would be is if it was low enough to get Pell.</p>
<p>With your dad’s family’s income, there’s no way that your EFC is going to be below $20k…it seems like it should be higher than the $25k it currently is.</p>
<p>Since dad won’t pay, you have only a few options…</p>
<p>1) try to get more merit from Wash State (did you contact the scholarship office? Your stats are high for that school…see if they’ll give you about $3k more per year. Explain that you’ll be paying all costs yourself.</p>
<p>2) Take a gap year and apply to schools that will give you at least free tuition for your stats.
Don’t take any classes during this time. Work, volunteer, etc.</p>
<p>3) commute to UWash…and that may mean moving in with mom (does she live within commuting to UWash)? if so, then move in with her ASAP (before July 1) so that she will be custodial parent for next year’s FAFSA. (move in with her as soon as you graduate)</p>
<p>If your mom doesn’t live within commuting distance to UWash, then that school probably won’t work. Besides, will you have a car? If you have a car now, will your dad let you take it? Or will he consider it “his” car and keep it?</p>