Anonymous
10/19/2021 22:53
Subject: Re:FAFSA EFC
Anonymous wrote:Anonymous wrote:If you already have 2 kids in college, OP, why are you surprised by the EFC?
Likely because the Republicans tax bill changed the law so the EFC is no longer divided by the number of kids in school. Their family was probably expecting $90k divided by 3. I think a lot of parents will not be prepared for this. We have an income of $150K and not only do I expect to be full pay for both kids, it’s likely that the year they overlap, the EFC will total $80k
OP has four rental properties, in addition to a $350k salary. The FAFSA takes investment assets into account. We’re retired, and our AGI was under $150k last year, but our EFC was well into six figures, based on investment holdings (I only filled it out because one of DC’s schools requires it for merit aid).
Anonymous
10/19/2021 22:14
Subject: Re:FAFSA EFC
Anonymous wrote:If you already have 2 kids in college, OP, why are you surprised by the EFC?
Likely because the Republicans tax bill changed the law so the EFC is no longer divided by the number of kids in school. Their family was probably expecting $90k divided by 3. I think a lot of parents will not be prepared for this. We have an income of $150K and not only do I expect to be full pay for both kids, it’s likely that the year they overlap, the EFC will total $80k
Anonymous
10/19/2021 16:24
Subject: Re:FAFSA EFC
If you already have 2 kids in college, OP, why are you surprised by the EFC?