Is my EFC too high?

baker101460
Sat, 21 Jun 2008 19:38:22 +0000

if your sons have not yet reached the age of 24, then FAFSA will only consider not only your income as reported on the tax return but those of your sons if they earned any money last year. perhaps that is why your EFC is so high or you made a mistake on the FAFSA. if they are at least 24 then FAFSA will only consider their income and not yours. i do know though that for a 0 EFC you must make less than $30000 a year and have dependents.

there is a website, [FinAid! Financial Aid, College Scholarships and Student Loans](http://www.finaid.org) which has an efc calculator. all you have to do is answer the questions on the site, plug in your tax info (AGI, untaxed income, exemptions, etc…) and that of your sons, if applicable, and see what it says. i found the calculator there to be accurate almost all of the time, especially if i want to double check my figures to see if i made a mistake on the FAFSA.

so give it a try and report back to us if you have any problems or questions.

i am betting that an error was made so go to that site and good luck.