I just talked to FAFSA, the lady claimed that the Fafsa code for EFC was not a dollar amount but just a CODE that the Colleges use. I thought this represented a dollar amount (not precisely but ball park)…
This website sounds like that’s what it means…
I have 2 kids going to College this year… unfortunately the 2019 year is the most (1st time we earned a little over $100,000), then Sept 2020 – and into this 2021-22 year, Husband lost his good paying RR Job and will never be able to replace that sort of income, not in our area, best he will find is an $18/ hour job (was making $33 an hour). I earn $41,000 a year.
Says this on Son’s Fafsa…
“Based on the information we have on record for you, your EFC is 12275”
So, does this mean we are expected to pay $12,275 per College year for this son… I think Daughters was similar , I forget but not the same number exactly…
So basically we will be expected to pay $25,000 for both kids for the 2021-22 year? Am I understanding this correctly ?
Thank you.