EFC question.

Paying for College
1

<p>Hello, I have a question about my parent’s EFC.</p>

<p>Why would my parent’s EFC for 2007-2008 be more than 2006-2007 when they made FAR LESS money in 2006 than they did in 2005 (I’m talking 50,000 instead of 100,000) and when I overstated their investments (accidentally) on the 2006-2007 (I thought it included ALL the money he has in retirement, not what he put in it for 1 year, so it was WAY WAY WAY overstated); so the 2007-2008 shows far less investments?</p>

<p>Why would the EFC go up so much more? I don’t understand…?</p>

<p>I guess I’m having a hard time comprehending this…</p>

2

<p>You may have made a mistake entering some figure into the FAFSA. To look at the calculations, go to the College Board’s calculator for EFC at
<a href=“http://apps.collegeboard.com/fincalc/efc_welcome.jsp[/url]”>http://apps.collegeboard.com/fincalc/efc_welcome.jsp&lt;/a&gt;&lt;/p&gt;

<p>Enter what you did on your FAFSA. See if you get close to the same answer. If you do, you can see from the program’s detailed calculations where it came from. If you didn’t get anything close to the same answer, go back through your FAFSA and see where you might have entered one too many zero’s, or some similar error. If you did, then correct your FAFSA.</p>