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College and University Discussion
Reply to "Our EFC is 500,000???? "
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[quote=Anonymous][quote=Anonymous]Some schools merit scholarships still require FAFSA be completed. Got an even higher number when we did ours. Kid chose a different school with no merit. Never filling out a FAFSA again (unless the younger one is in the same position). [/quote] yes some require it for merit, but most do not. Never filled out FAFSA for any of our 3 kids. All got some merit at many schools(25+ between the 3 of them). None required FAFSA. Only reason to file fafsa at a high income level/high net worth is if there is ANY chance at all for significant changes (ie it's all Income, not savings and the jobs are not stable). If so, then it could be worth filing just in case something changes---it makes it easier to contact school and request re-reviews. [/quote]
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