My EFC is $46K?!?!

paperplane
Tue, 16 Feb 2010 17:44:29 +0000

@flowering spade–your efc sounds high to me, too. Did your parents save any of that money in YOUR name? That really bumps up the EFC. Also, if any of their assets are in 401ks or IRAs, those should not be added in as assets. Those are the 2 things I’d check on.
If they did save in your name, the EFC may drop way down once you’ve spent some or all of it. (ie, if they saved $60k in your name–and by junior year it’s mostly spent, your EFC should go down).

Good luck!