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College and University Discussion
Reply to "Our EFC is 500,000???? "
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[quote=Anonymous][quote=Anonymous] FAFSA expects people to use 47% of income to pay for college? That's freakin ridiculous. Sure, if you aren't gonna miss $80k per year, that makes sense. But 80k is about half of the median income in the DC area.[/quote] It's 45% of income over $35,000. There's an EFC formula; it's quite complicated but it is all public knowledge https://fsapartners.ed.gov/sites/default/files/2021-08/2223EFCFormulaGuide.pdf[/quote]
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