FAFSA EFC exceeds income

twoinanddone
Mon, 19 Feb 2018 05:03:02 +0000

reported pre-tax retirement funds, like 401k (previously 0, now 100k+)

This isn’t right. If their income was only $110k for that year, they couldn’t have 100k+ in retirement funds. You only report the ones you made in that tax year, and those can’t be 401k of $110k in one year, even for 2 married people.

edited savings for retirement (previously 0, now 30k)

What are you reporting for this? You do not report qualified retirement savings for previous years.