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[quote=Anonymous][quote=Anonymous]Just did my DD FAFSA today and they gave us an EFC of 096832.  They are trying to say we can contribute $96,832 towards her college education which we surely cannot afford.  Not sure how FAFSA calculated EFC but it is not reasonable.  [/quote]

(Parent after tax income - about $32,000) + 12% of parental assets (not including primary house or retirement savings) = Parent Adjusted Available Income

Take the Parent Adjusted Available Income and look up the yearly EFC from Table A6:

[quote]Table A6: Parents’ Contribution from AAI
If the parents’ AAI is — Then the parents’ contribution from AAI is—
Less	than	-$3,409 -$750
$-3,409	to	$17,000 22%	of	AAI
$17,001 to $21,400 $3,740 +	25%	of	AAI	over	$17,000
$21,401 to $25,700 $4,840 +	29%	of	AAI	over	$21,400
$25,701 to $30,100 $6,087 +	34%	of	AAI	over	$25,700
$30,101 to $34,500 $7,583 +	40%	of	AAI	over	$30,100
$34,501 or more $9,343 +	47%	of	AAI	over	$34,500
[/quote]

If your adjusted income is greater than $34,000 --- you are expected to be able to pay $9343 from the first $34,500 of your income and assets PLUS almost 50% of the rest of your income and assets.[/quote]

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