I just applied for FAFSA and my EFC is ~1400 and ~4000 Pell Grant and ~ 4000 Stafford Loan
BUT I used one of my prospective colleges' net price calculators and I have to pay ~35,000 a year vs. original 65,000 price.
The main difference lies in filling out my family's assets. for FAFSA, I was offered an option not to fill assets, BUT the college I want to attend requires CSS and thus requires entering assets.
My family income was 30,654 last year and our cash/savings assets are pretty low BUT the main source of the problem is the price of our house valued at more than 2,500,000.
Does anyone know of a way to solve this problem of high assets but really low income?
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