<p>I just got my first SAR and I don't know if it's exactly accurate.
My EFC is almost 70,000...seriously, **** my life.
My dad is unemployed and my mom makes around 115,000...I have a younger sister (family of four) and around 270,000 in savings. Does that seem accurate? I've never done this before and I don't know if that's accurate or not...I'm guessing that means I'm not going to get much aid and my parents are not going to let me go anywhere if I don't get aid. =[</p>
<p>It seems a little high even for that income and savings. Though it is still likely to be very high. Some things to check.</p>
<p>Is the $115,000 the total income? Or is that salary and there is also interest income on the savings? All are treated as income by FAFSA.</p>
<p>Is the entire $270,000 in regular savings accounts? If any of it is in retirement accounts (such as IRAs, 401ks) then they should not be reported on FAFSA. If they are in regular savings or inestments then they must be reported.</p>
<p>Is there income and assets in your name? Students income and assets have a big impact on the EFC.</p>
<p>And did your dad just recently become unemployed? Did he have earned income last year?</p>
<p>If the 270,000 is cash in a bank account and especially if it is your $$$ not parents, EFC might be right.</p>