FAFSA Question

Paying for College
1

<p>I just filled out FAFSA… My parents each make about $75,000/year with total combined income of about $155,000 and pay about $15,000 in income tax combined.</p>

<p>I have a younger brother and live with my two married parents.</p>

<p>My EFC was about $40,000… Is this normal? It seems really high :(</p>

<p>Does this mean if I plan to go to a public in state university that costs around $22,000 a year, I won’t get any federal aid? Therefore all my money will have to come from school scholarships or external ones? Thanks</p>

2

<p>Most federal aid, other than Stafford loans, is for low-income students with EFC’s in the $5K and under range. Clearly you’re not in that category…so yes, no federal aid other than loans.</p>