FAFSA verification

collegeinquirer2
Fri, 06 Feb 2015 03:06:55 +0000

After I completed my FAFSA, I received an EFC of a whopping 5140 and an asterisk next to it, which upon further research I found out that I am to go through the verification process…lucky me. With that EFC, for the particular college I want to attend, I get no need based aid whatsoever. I found out that although my parents had a low enough income for some need based aid, they had deferred some of their income toward their retirement because they are in their late 50s with no money invested in their retirement yet. I am really discouraged that the only thing that stood between at least a penny of aid and I was untouchable retirement income. Will verifying do anything for me, or will it only secure the college’s decision that I don’t need their money?