EFC is too High?

Paying for College
1

<p>So, this year my parents earned a lot more than normal as a result of a combination of sources. Anyways, my EFC based on 2007 tax data is about 18000 more than my 2006 tax data. This seems a bit ridiculous. Yeah my parents can afford this one year, and hopefully the aid package will be augmented next year, but this is a huge increase and it really hampers my parents retirement savings. </p>

<p>Also, there are some itemized deductions that would show the actual disposable income more accurately, but I didn’t find anywhere on the FAFSA to list our deductions.</p>

<p>Anyone have any advice on what I should do? Will scholarships hamper my aid package if I get them?</p>

2

<p>You can always make an appeal to FA offices due to special circumstances. Call them up, tell them your situation and ask them what information they need. </p>

<p>Most schools deduct outside scholarships dollar for dollar from loans before work study and grants in thier FA packages. To be sure, check each college website for their policy.</p>