Independant Student, $7000 EFC?!!

swimcatsmom
Mon, 20 Apr 2009 19:28:20 +0000

Single independent students have much less income protection that parents - around $7,000 plus a little more in allowances for taxes and FICA. After that 50% of the remaining income goes to the EFC.




EFC is usually about 1/3 of the income, so $7k is perfect. Independent students are judged pretty harshly. My income for a family of 3 is about the same, but our EFC is 0.



You probably qualify for the automatic 0 EFC (income under $30,000 plus some other criteria). Independent students without dependents other than a spouse are not eligible for the automatic 0 EFC.