<p>Is anybody familiar with the situation of 0 efc and 1040 reported income of $85000. Most colleges will use the CSS profile and come up with their own number, but has anybody seen this before? Do most public schools use the fafsa, even for out of state?</p>
<p>No, are you certain there were no mistakes.</p>
<p>I don’t think so. It’s a situation where the parents were laid-off, the family went on public assistance, the parents got new jobs. In this economy it must have happened before…</p>
<p>Please explain how you would have income of $85,000 and an EFC of $0 on the FAFSA.</p>
<p>Auto efc for receiving food stamps; income earned for new jobs</p>
<p>No - if 2013 income is more than $24,000 the family does NOT qualify for auto 0. IF the school adjusted expected income to $24,000 or less, the family could have an auto 0 income … but that is professional judgment from the school. The family must put the 2013 income on the FAFSA & request the review from the school.</p>
<p>The auto $0 family contribution is for the FAFSA only. If it is accurate (which sounds doubtful from
What kelsmom write),the student would get the full Pell grant. However, there is NO auto $0 family contribution for the Profile. </p>
<p>Most colleges don’t even use the Profile…but if this student is applying to Profile schools, no…the family contribution will not be $0.</p>
<p>I would suggest the family run the Net Price Calculator for any Profile schools to get an estimate of what they will be expected to contribute at those schools.</p>
<p>Is there a an asterisk next to your EFC on the SAR? I am willing to bet money that it is going to change through the verification process.</p>
<p>I would recommend that you go back and recheck your forms</p>
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<p>The key word in Sybbie’s post is AND. The family must have income below the threshold AND fulfill one of the other criteria. It sounds like this family does not meet the income threshold…by a lot.</p>
<p>The auto 0 threshold is up to $24,000 for 13-14 (still less than it used to be, but at least it’s a little higher than this year).</p>
<p>And I meant 2012 — NOT 2013 — income!!! Thanks, thumper, for pointing that mistake out to me. That was my last post before putting the computer down (right on my adult beverage, which spilled all over) to concentrate on the ball game!</p>
<p>Perhaps they mean $85K in assets.</p>
<p>No, she says 1040 income of $85k. Sounds like the family was on food stamps at the beginning of 2012, then got jobs at some point, and then earned $85k. So, they wrongly think that they qualify for Auto 0 based on the food stamps.</p>
<p>Mom^^understands. This was someone who plugged the numbers in on a website, was given an auto 0 and never even had to imput income. It seemed impossible and now we know it is.</p>
<p>They’ll have a rude awakening when they actually file their FAFSA.</p>
<p>omedog, if your parents’ income is a lot lower than it was in 2012, you can ask each school for a special circumstances review. Call the school’s financial aid office & they will let you know what you need to do. Sometimes the review doesn’t make a difference in terms of the aid you will receive, but other times it makes a big difference … definitely worth your time and effort.</p>