Did you report that you / your parents have assets over $3,000,000?
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Do your parents have (non home, non 401k-like) assets of around $35,000? If so, and your dad put in 35,00000 Then that is really $3,500,000.00 and with the small parent asset exclusion, that would give you about that EFC.
or do your parents have a retirement savings, but the account isn’t an official retirement acct?
I called them. You have to sign it and wait for it to process in order to make changes. My father said that there were barely any places where you had to type in actual numbers, and he double-checked to make sure his income was the right number.
Maybe he had two extra zeroes on his income?
Maybe people should take screenshots of each page before they submit. I know that later he can change/fix what’s wrong, but at least now he’d have been able to review.
I think the dad either put in 2 extra zeros for income (altho EFC would likely have been even higher, right?), or 2 extra zeros for assets.
There is no question…either the parent isn’t telling the whole financial story to the kiddo…OR there was a huge mistake on the FAFSA.
And…you can’t submit the FAFSA without electronically signing it with your usernames and passwords.
OP…what was your dad’s reaction to the EFC? Was he shocked?
Anyway, in a few days, you’ll be able to go back and look at what was put in each field.
Please come back to your thread once you can see what’s there.
You should NOT have listed the value of your primary residence ANYWHERE on the FAFSA. Did you happen to list that as real estate you owned? How much is the house worth?
Do not use commas or decimal points in the numbers on FAFSA. Might a mistake there have caused a problem?
^^^ this
if you put in cent values, the app automatically removes the dot. you’re supposed to round up to nearest dollar