FAFSA questions about assets?

sk8rmom
Thu, 10 Feb 2011 09:31:40 +0000

Well, having one less in the household and $3K in student assets will affect the EFC…though the student asset question was optional so that won’t cause an increase for you. Having fewer household members decreases the parent’s income protection allowance by a few thousand, which in turn increases the AAI…but if your AGI is under $50K, less that 30% of that increase will show up in the EFC. Is it possible you made an error on the FAFSA filing? If not, you might want to work through the EFC formula manually to see what is causing the increase: