<p>I recently completed the FAFSA and recieved my EFC. It was around 11,000, however, our families income is only 66,000 a year and there is only 200 in a savings account. Every finicial aid calculator I used estimated it to be around 6,000 with my families' information. We are a family of five.</p>
<p>Probably a data error somewhere.</p>
<p>Did you show any student income or assets?</p>
<p>I've found that the FinAid.com calculator hits the EFC to the dollar, if the correct data is input. Try FinAid and it will tell you not only the EFC, but the income/asset protection allowances, and the contribution to the EFC from student/parent income & assets.</p>
<p>do you parents own a house? maybe that's why</p>
<p>Do you have another home, and other assets? My Parents make about 55 000 a year, one home 2200 in bank accounts and my EFC wuz 4673, yours shouldn't be almost triple of mine...</p>
<p>what?
my family income is 50,000 a year, no home, 2000 in bank, efc is 5000</p>
<p>Strange B407? My parents have one home, 59 000 a year, and 3000 in bank accounts...very similiar to your situation..and my EFC is 6000..is that reasonable in your opinion?</p>
<p>remember -- there are adjustments depending on how many are in the family, how many are in college, the age of the oldest parent plus student vs parent income/assets. That can account for some of that difference.</p>
<p>wingo -- unless your parents have quite a bit in assets or you, the student, has income and assets -- you may have made an error. Yours seems a little too high for the parent income you claim.</p>
<p>hsmomstef has it right-- there are other factors in play besides just AGI. In particular, number in the family affects the income protection allowance, which affects the "available income." Age of older parent also makes a difference.</p>
<p>The other thing that's probably in play is student assets. A relatively modest 3K in student savings can bump the EFC by 600.</p>