Financial Aid for Upper-Middle Class

annoyingdad
Fri, 16 Nov 2012 18:09:03 +0000

Regarding the “rule of thumb” notrichenough mentions that EFC roughly equals $10,000 plus 50% of your income over $80,000, does that mean gross income?



If you’re asking about FAFSA, it means AGI with certain things added back in including contributions to pre-tax retirement accounts. If you want a more precise number before FAFSA becomes available online, you can go through the formula below. It’s not all that bad.