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Why is my FAFSA EFC so high?
I am on my own, and made about 21,000 last year after taxes (no other assets or extra income). I am single and have no kids. My EFC is about 6000. I just don't understand how "they" think I have that much money for tuition. It says that I'm ineligible for a pell grant because of it. Does anyone know why my EFC is so high? Does it sound right? I cant call customer service until monday and was looking for a little insight. Thanks.
3 Answers
- Anonymous1 decade agoFavorite Answer
They are going according to your income. You have to make at least 1/2 of what you make to get Pell to accept you!
Did you apply for TAP and SEOG also!
- just not thatLv 71 decade ago
Your EFC is not what you will have to pay your school. Remember that. Choose an expensive out of state or private school, you are looking at 40K a year, not 6000. Choose an instate community college, you could be paying 3000 a year, not 6000.
Your EFC sounds right to me, but if you have not done your 2008 taxes and used estimated information, it will probably change when you go in and correct it.
- 1 decade ago
Maybe it WILL change when you put your real information in.
I did mine and my EFC is 0, my parents make just over 20,000.
I used estimated info, too, but I'm sure mine won't change. My parents have made the exact same thing every year since my brother went to college two years ago and his EFC was 0 too.
