My EFC is so high. I need financial aid NOW or I will have to drop out.

Paying for College
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<p>My parents told me a week ago that they couldnt afford to pay for school for next semester. They wouldnt share their financial information with me so I got them to fill out a fasfa application. When I checked the app today it said that my EFC was 62,000. Is there any way to bring this down? I think it is so high because in 2010 my dad took out retirement funds and put his income as $120,000. My father is unemployed, we are going through foreclosure and bankruptcy. Can we call the financial aid and get it changed?</p>

<p>What else can I do to get money for school fast?</p>

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<p>Is the $120,000 income all from the retirement distribution?</p>

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<p>Yes its all from retirement. My dad hasnt had a job for 6yrs</p>

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<p>So he took $120,000 from his retirement account? I am guessing he is not 65, so he would have paid a penalty, correct? I am having trouble trying to figure out how your EFC can be 62,000. I think something may have been entered incorrectly. Look at the FAFSA. What numbers are there for the following: 35, 36, 38, 40, 41, 42, 44a-j, 83, 84, 86, 87, 88, 89, 90, 91a-f, 92a-i? Many will be 0 … if it’s 0, just don’t report the amount here. </p>

<p>I might be able to figure out the issue with this info. (or PM me)</p>

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<p>* They wouldnt share their financial information with me so I got them to fill out a fasfa application. When I checked the app today it said that my EFC was 62,000.*</p>

<p>something seems odd here. If your parents haven’t worked in 6 years, then what’s to hide from you?</p>

<p>What’s so secret about showing 0?</p>

<p>I doubt that a withdrawal of 120k would get an EFC of 62k. That’s more than 50%. Makes me think that your parents have some other source of income or assets.</p>