<p>I'm currently a Sophomore at a community college and FASFA gives me about 5.5k and it helps cover classes and books and a little extra. My dad makes about 20k a year, my mom is a stay at home mom, i recently got this job and i may be making like 14k a year living with my parents. Will that impact my FASFA? I will be filing taxes, i just want to know.. i guess the minimum i can make and still be eligible for full FASFA, (Total of 5 ppl in my household, 2 in college(1 including me) other one kid in grade school. I'm transferring to a university next Fall and it's going to be like 20k a semester and i won't be able to afford it, neither will my parents. Please help, thank you!</p>
<p>It’s difficult to know for sure. It depends whether you 0 EFC is calculated by FAFSA using a special formula called the ‘automatic zero EFC’ or not. If it is the auto zero, then your income will not impact the EFC. If it is not the auto zero, then your income over $6000 will impact the EFC. Google. The EFC formula and see if you think you qualified for that or not.</p>
<p>@swimcatsmom
The recently enacted Consolidated Appropriations Act, 2012 made several changes to the Title IV student assistance programs. Among them is a reduction in the maximum income that makes an applicant eligible for an automatic zero EFC (auto zero EFC). Prior to this change the income threshold for the 2012-2013 Award Year would have been $32,000. Under the amended law that amount is $23,000. Therefore, we revised the auto zero EFC threshold to $23,000 throughout the updated 2012-2013 EFC Formula Guide.</p>
<p>My dad makes around 20k… with 5 people in the household, does that mean i’m eligible for 0 EFC? </p>