My EFC is 0...but will our savings/checking affect the amount of the grant?

<p>I just filled out a separate EFC calculator and answered NO to the dislocated worker portion and it still ended up EFC 0. Before I said yes to that question, I was on the phone with a FAFSA customer service and asking her how I can determine for sure that I am a dislocated worker. She told me to answer YES, so I did. I tried answer NO and it’s still a 0. </p>

<p>As far as filling up the FAFSA form, all I did was follow the instructions as to what line they need the information from. (e.g. adjusted gross income-- Form 1040–line 37). We also do not file our tax return on our own. He has someone who audits his receipts by the end of the year for all the deductions. As self-employed for a long time, he used to pay huge taxes before we got married. Ever since we got married and had kids, he would get refunds, and the biggest was this year when we had our newest addition to our family. That refund added up to our savings…we didn’t spend that refund. He had about $20,000 in savings before we got married because he lived with his parents and never paid rent…just the electric bill.</p>

<p>I did call the financial aid office of the school we’re going to and I was told that the best time to get good amount of grant is to file the financial aid before the priority date, which is March 1st every year. But he said, it won’t hurt to find out if there would be funds left to get you in for the Spring Semester. </p>

<p>So, what types of documents are usually required for verification? We don’t have W-2 because my husband is self-employed. We only have the 1040. Our 1040 Tax Return for 2008 was the worst tax return we’ve had so far income wise. It was down about $2,000 compared to the 2007’s. He didn’t have as many students due to people cutting back during the recession. The wait is just killing me. hehe! The school said, they’ve mailed out packets to us so we can mail back some documents to them, and the wait is killing me. :smiley: I really appreciate all your input. I’m glad I chose this site instead of asking questions on Yahoo Answers and get really rude comments.</p>