Should I be worried?

2k9
Thu, 04 Jun 2009 01:15:18 +0000

Hello all.

I am going to be an incoming freshman at a private university in CA this coming fall. When I filled out FAFSA in January, my EFC was 9k. My mother then filled out her taxes and we realized her income was above the ceiling for cal grant by about 2k. She diverted about 5k into an IRA to lower her income.

I submitted my tax returns to the financial aid office at my college and they altered my fafsa. Now I’m expected to contribute 15,000. I’m a little shocked and worried. Do I have a strong chance of losing my cal grant?