<p>My mom just told me that the FAFSA numbers came back really, really high-- like with an EFC of $25K. </p>
<p>She doesn't even make half that and lost her job in Nov. My father makes around 85K.</p>
<p>I'm not swure what the expenses are or what other factors were on the FFAFSA application, BUT , DOes this EFC seem right? My 'rents were thinking it would be more around the ballpark of $10-12K a year.</p>
<p>If your dad made $85K in 2008 and your mom made $12K...that is a total of $97,000. An EFC in the $25,000 range sounds about right.</p>
<p>Yep, that's about right.</p>
<p>My parents income was 84000. My efc is 19000. So yours looks about right.</p>
<p>Um. This isn't cool. My efc is 60k, my parents make 70k total but have about 500k in retirement pensions. I guess this is to be expected, but still.</p>
<p>Retirement accounts should not be reported on FAFSA (if they are in actual retirement accounts such as IRAs, 401ks).</p>
<p>D:
That gives me a new ray of hope for affording MIT... I'll check again, thank you!</p>
<p>I do hope your parents' accounts are actually retirement accounts. That should definitely drop your EFC.</p>