Hey y'all!
I submitted my FAFSA two days ago and they calculated my EFC to be 2501, which I was pretty happy about considering I could get the Pell Grant and this is a number my family can afford. However, I was reading through here that your EFC should be about 1/4 of your parent's AGI if income is below 100K; ours is ~61K. So is our EFC actually supposed to be around 15000??
My dad is self-employed, but the application said, from what I understood, not to report the net worth of our business if we have fewer than 100 employees (and Dad is the only one). We don't have any assets, checking, savings, or investments that exceed their threshold of $24,800.
Am I missing something?
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