<p>As an early freshman, I applied for fin. aid when submitting my ED application. I was accepted, and my EFC, based on my parents' last year income, was 40000. However, this year, my parents' income has dropped significantly, from 128000 to 83000. We've filed financial aid appeal forms, but do you guys think this will affect my EFC much? Thanks fora ll the help.</p>
<p>Your efc will definitely decrease. I don’t know if by a lot, but it’ll probably range under 35,000.</p>
<p>Not too mention, $120,000 is a key cut-off point for major changes in your package. however, that may only kick in for next year for you. Stay on top of it with the Financial Aid office.</p>