<p>How much does the FAFSA EFC matter in determining how much aid i will get? My family gross income is around $105,000 and FAFSA says the EFC is $33,500 (a bit high). For colleges that cost 50k a year total, does this mean the most aid they will give is around $15k?</p>
<p>That would be true for schools that meet 100% financial need. Do your schools do that? Also the school could meet your need with loans. Meaning, it all depends on the school.</p>
<p>$33,500 sounds about right for that income. Remember, you and your parents are supposed to have saved for your education. The money is not all supposed to come from current income. </p>
<p>Your aid pkg will probably be mostly loans. You will still need to make up the difference (and then some if the school does not promise to meet 100% of need.</p>
<p>Frankly, it is a bit high. Your family must have a lot of savings or other assets (or YOU do - which makes a big difference). If so, then you at least have the ability to pay your EFC (in theory). If you don’t have a lot in assets, you may want to double-check your figures.</p>