Income chart for FAFSA

kelsmom
Thu, 08 Oct 2009 20:52:20 +0000

There is a break given to two-income families (to offset the costs of working - gas, clothing, etc). The last time I ran the numbers, the first $10,000 of income for the second worker is a wash - your EFC shouldn’t go up. Run it in the EFC calculator. You can also find the formulas (google EFC formulas) and plug in your numbers.