Does my EFC Seem a bit high?

Paying for College
21

<p>The EFC is very deceiving. </p>

<p>First off, many colleges won’t meet full need anyways. Second, due to scholarships, and etc, your net cost to attend a school could be LOWER than your EFC anyways.</p>

<p>I’m a senior in high school, and my EFC was right under 20k, but the most expensive school for net cost I looked at was about $18,500. So the EFC is important to note so you don’t choose a school financially out of reach, but also realize your grades matter more because that gives you the scholarship money you need.</p>

22

<p>That seems very high to me. My family has an income in the 90-100k range and our EFC is around 13k or so. Out of curiosity, does EFC take into account number of parents working? For example, would EFC be different if one parent had an AGI of, say 100k, as opposed to both parents working combined came out to 100k AGI.</p>

23

<p>Actually, yes. The EFC would be a bit lower if both parents worked, because there are some assumptions built in regarding costs associated with holding a job.</p>