<p>I think when you hear those $60,000 and less figures, it’s usually AGI. The answer to all your questions, however, is that it all matters. Because it’s such an extensive application, it takes expenses like bills and assets like homes into consideration. So if you only make $10,000 a year, but have $10 million in assets, you’re probably not a QB type. If you make $80,000 a year, but have a household of ten people along with high medical bills, you could very well be a QB type.</p>
<p>And the $0 EFC thing comes into play with specific colleges. Refer to the QB website, but I know some (maybe Yale) say “we only Match applicants with $0 EFCs according to our calculator” or whatever.</p>