<p>Hey Everyone,
I'm a senior in high school and I was surprised by the EFC that the FAFSA generated. </p>
<p>I have a unique scenario in that, my parents and I moved to the country a few years ago, so much of our savings have gone to purchasing a house, car, etc. Our income is around 108k, but much of this income is used for living expenses.</p>
<p>Should a university be alerted of this?</p>
<p>While you are always welcome to appeal financial aid awards, I doubt a school would adjust your award for the reason you cite.</p>
<p>A lot of students applying for FA have a similar household income and the family's main asset is a house, and all income is spent on "living expenses" so it isn't really a "unique scenario." But when you receive the FA decisions, it doesn't hurt to appeal if you aren't able to afford your first choice school.</p>
<p>fyi, based on other posts from the OP, they came to this country in 1999. I think the parents and kid post under the same name (not that there is anything wrong with that)</p>
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<blockquote> <p>Our income is around 108k, but much of this income is used for living expenses.>></p> </blockquote>
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<p>Most people use their income for living expenses. This is not unique in any way.</p>
<p>Colleges hear that excuse thousands of times.</p>
<p>I have to admit that is cute though-
Yes honey- bills come every month!</p>
<p>Actually though- income of $108K doesnt mean that you won't get aid- if your tuition is $40K and expenses rm/board another $15K- you could still get something.
What is your EFC?</p>