<p>
</p>
<p>This is really important and they will ask you this. The EFC will be reduced significantly if you have more than one person in your family in college.</p>
<p>
</p>
<p>Tell that to the school, not to the federal government. The school has much more flexibility since they are the ones who will award you some of the money.</p>
<p>Well the EFC calculator on this site did ask me that and I put 3. (It might end up going to 4 if my mom goes back to school like she wants too).</p>
<p>this is all too confusing.</p>
<p>You can’t include you Mom as one in college on your FAFSA. She can include you on hers. But you are not allowed to include her on yours.</p>
<p>You have 2 siblings that are college students now? Or is one student a parent?</p>
<p>welll crap. Me, my sister, my dad. So i guess its just 2 now.</p>
<p>Yes, that would make it 2. You can’t include you Dad or your Mom.</p>
<p>ok. thanks for the help.</p>
<p>Make sure you (and your sister) ask your schools about special circumstances adjustments for your large medical bills.</p>
<p>^^^</p>
<p>Will he have to show proof of medical bills that insurance doesn’t cover?</p>
<p>Yes. We did it one year when we had very high medical bills and they told us to give them copies of everything - I think the stack was about 2 inches thick.</p>
<p>
</p>
<p>The EFC calculated by FAFSA is what is calculated based largely on income but also on assets. I agree with others…with $112K in AGI, the EFC should be closer to $20K per year. This may not align with what your family can or wants to contribute, but that EFC is what is the expected contribution for a family with your income. If your sibling is in college, than this would be about 1/2…so $10,000. BUT keep in mind that when that sib is no longer in college, your EFC will double. Plan ahead. You don’t want to get to a school that you can’t afford to attend in subsequent years,</p>
<p>You will need to fully document any medical (or other) expenses that you want the school to consider as a special circumstance. That means…bills, and receipts for payment of them…or explanation of benefits that shows the claims were denied. BUT mostly your family will need to PROVE that they paid out of pocket for necessary medical expenses.</p>
<p>His AGI is not 112k. His GROSS INCOME before adjustments and deductions is 112k. After deductions it is in the fifties I believe. But don’t hold me to that number.</p>
<p>It is the AGI you have to report. Not the taxable income. There are some deductions that come off before the AGI but the majority of deductions (such as personal and dependent exemptions and standard or itemized deductions) come off after the AGI. Not before it. Does your dad has a business of some sort? f so it is possible that his AGI is that much lower then the gross income. Otherwise probably not.</p>
<p>Has your dad done a tax return? The number you are looking for is the Adjusted Gross Income (AGI) - line 37 on a 1040, (or if he does a 1040A—line 21; or 1040EZ—line 4.).</p>
<p>In the EFC calculator on CC’s home site asks for “Taxable Income”…which is a lot different than AGI…</p>
<p>And he said he uses turbo tax and he is going to have to pay them money so he isn’t doing it until april</p>
<p>Well they are wrong. FAFSA asks you for the AGI. Not taxable income. If you put the taxable income it will give you a totally unrealistic EFC compared to the real one you will actually get from FAFSA.</p>
<p>From FAFSA
</p>
<p>wow. well that is why people were questioning my 2k EFC number. Im glad I posted this now!</p>
<p>Here is the FAFSA formula:</p>
<p>[Federal</a> Student Aid - IFAP: iLibrary - EFC Formula Guide](<a href=“http://ifap.ed.gov/ifap/byAwardYear.jsp?type=efcformulaguide&awardyear=2010-2011]Federal”>http://ifap.ed.gov/ifap/byAwardYear.jsp?type=efcformulaguide&awardyear=2010-2011)</p>
<p>If your Dad is self-employed or owns his own business he won’t even include the value of those business accounts anyway. If he is getting from $112k to $50k he may be a 1099 guy with plenty of business expenses.</p>
<p>OP- you may be done with your post, but it can go on & on as others come to learn, too 
You cannot close it down! ;)</p>
<p>haha yeah its all cleared up now. His taxable income is in the fifties. His AGI is a lot higher. </p>
<p>So in about a year I will be telling myself “■■■ ■■■ ■■■ ■■■ ■■■” as i sign away my sole into debt for life</p>