Help please. EFC changed from 667 to 2371?

cptofthehouse
Tue, 25 Jun 2013 17:50:19 +0000

You need to contact the school and ask for a copy of the revised FAFSA, and see what changes were made for your EFC to be increased. The school might have gotten a copy of your family tax returns and used them to come up with the numbers.

When self employment is in the picture, it gets hazy as to how everything is calculated. Those self employed often take deductions against income or have assets that are secured and get rents or income that have loans against them. How a school assesses this is often variable. However, it is very important that you understand what the school has done in coming up with this EFC and that you can duplicate the numbers on your own. If you don’t understand the calculation, you should learn as soon as possible. Find out exactly what was used how. So get a hard copy of the report and compare line by line with what your tax return is reporting and make sure you understand what is going on here, and question the fin aid director with anything that you do not understand.