My father has an income of ~$180,000, but a savings of <$40,000. My older sibling is currently enrolled at a state school, and I will be attending another state school next year. When I enter everything into the net price calculator (provided by the school) I keep getting a result of me getting a Pell Grant, State Grant, and School Grant covering all but $5500, which it says will be covered by a federal grant. I do not think this is correct. Could anyone provide help? What should the cost be?
$5500 covered by federal loan*
With that income you will not qualify for a Pell Grant for sure. That is your custodial parent income?
Check to make sure that you’re putting your dad’s income in the parents section and not the student section. You may have put that your dad earned zero.
Also, make sure you’re answering the question correctly about dependents. You may have accidentally said that you have dependents… Which could’ve given you a zero EFC
What EFC are you showing from FAFSA
Which school is this
My guess is you said you were in guardianship. Did you answer yes to that question? If so, it’s not accurate if you are residing with, and have always resided with your parents.