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College and University Discussion
Reply to "High EFC -- not sure I did the FAFSA correctly"
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[quote=Anonymous][quote=Anonymous]OP here: AGI from 1040: $217,019 Assets: $1,275,000 EFC: 139894 I'm guessing the high EFC is due to the assets. Is this just investments and bank accounts? It should not include primary home value or retirement. Our income (w/ retirement contributions added back) is around 140K. Savings/investments were 130k. EFC 35k [/quote] +1 We have a higher income but non-retirement assets were a lot lower (plus $2M in retirement accounts), EFC about $60k. Are you sure you did not include assets in retirement accounts in your number? [/quote]
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