I finally got around to filling out my FAFSA, and after looking around a bit it looks like my EFC score of 108,000 may be unusually high. My total family income is in the $250K range.
Yes. But that is good because your family can pay for college. You should be happy.
At 250k of income, you will be full pay everywhere unless you have multiples in college. It really doesn’t matter if it is 80k or 108k.
with 240K income, that must indicate significant assets. Possibly multiple properties? So you can double check. Make sure protected retirement funds are in the right spot.
So in addition to your parent income…what about assets?
Do your parents own property in addition to your primary residence?
Do they have 529 savings for you and/or siblings.
How much money do they have in regular savings and checking, and certificate of deposit accounts?
Are they self employed, and if so…what is the value of,their business?
Is that $250,000 income before or after taxes are taken out?