<p>Did this happen to anyone else. My stepdad's salary went down a few thousand so my EFC went from 6904 to 3456. </p>
<p>It seemed like a big jump. I already got a big financial aid package from Dickinson College, so will they give me a new package now that I've finalized the FAFSA?</p>
<p>Mine went down when I updated… unfortunately it only went down about $50. ;)</p>
<p>A few thousand dollar drop in salary shouldn’t result in a $3500 drop in EFC-- something else was changed. Did you change any of the student asset numbers when you did the correction? Or did the AGI go from over 50K to under 50K (there’s a threshold there that might explain the difference).</p>
<p>The new EFC makes you eligible for a Pell grant, which is good. You’ll receive a revised package from your college.</p>
<p>My EFC went down when I corrected my FAFSA now that we’ve done our taxes, too. Mine went from 6238 to 4202. But it wasn’t because of income–it was because the first time we filled out the FAFSA, we made a mistake which I just caught when making corrections. We said we had a lot of money in a farm, without noticing that it says “DO NOT INCLUDE a family farm that you live on and operate.” That’s our case–we live on and operate a small family farm. So that value for that question went from a lot to 0. It was a significant change.</p>
<p>I hope that my colleges notice my corrected FAFSA and use it, because my EFC’s a lot lower. They will, right? I’m just paranoid.</p>
<p>And I hope they don’t think anything fishy is going on because of the big change. We just didn’t understand the question the first time.</p>
<p>My family’s salary went down $10,000 would this revised EFC make sense?</p>
<p>Probably. ‘Contributions’ from Income over the protected income allowance varies from 22% up to 47% depending on income levels so that seems to make sense.</p>