<p>My parents didn't get their taxes done until yesterday, so on the FAFSA I put the adjusted gross income of 55k (estimated). The real number is 75k. My EFC is about 2900 now. My school is giving me a 1360 Pell grant, 10725 school grant, 3000 work-study, 3500 stafford loan, and a plus loan for the rest of tuition (42k). How bad are my awards gonna suffer when i update my fafsa?</p>
<p>Your Pell grant will definately be decreased, as that is based on the EFC. Your Stafford Loan will probably reman unchanged, as would your work-study. Depending on what the school grant is, and what is tied to eligibility, it may increase or decrease. The PLUS loan will probably be increased to make up for anything lost in the grants.</p>