<p>Dear All,</p>
<p>I just ran our figures through the EFC calculators at [EFC</a> Calculator: How Much Money for College Will You Be Expected to Contribute?](<a href=“http://apps.collegeboard.com/fincalc/efc_welcome.jsp]EFC”>http://apps.collegeboard.com/fincalc/efc_welcome.jsp) and found that with the Institutional Methodology, our estimated EFC is 5k less than with the Federal Methodology. Do any of you have a suggestion as to why this would be possible? Could I have entered something on the wrong line? We don’t own any property.</p>
<p>Here are numbers for you to run so you can check my results:</p>
<p>Parent 1 Age: 53
Parent 2 Age: 51
Student Age: 16</p>
<p>AGI: 74,000
P1 Earned Income: 90,000
P2 Earned Income: 3,000
US Income Taxes: 6,000
Parents’ Cash: 70,000
Student’s Cash: 1,000
Parents’ Investments: 6,000</p>
<p>FM results: 20,779
IM results: 15,793</p>
<p>I did not create a College Board Login for myself when I ran this, I just followed as many steps as I could without it, and then clicked on the “Finances” button which put me into the data entry section.</p>
<p>Thanks in advance for your counsel!</p>