<p>No, I do not own a home (nor have I ever). I am nearly 50. There is no "father" (if it's ok, I won't go into details, but school is aware of the situation). </p>
<p>As stated earlier I'm sincerely thankful for a 10 monthly installment plan.</p>
<p>
[quote]
emeraldkity4 in our case, there is no non-custodial parent, just me, with a VERY modest income, I rent, have a very small 401k for my age, a small savings account, and drive an 8 year old car. I even have student loans that I'M still paying off.</p>
<p>Seriously I don't see how the EFC doubled. It is fortunate that there's a 10 month payment plan, or I'd be sunk.
[/quote]
Just a mom, forgive me if I pry - but I'm trying to figure this out. You say that your profile EFC is double your FAFSA EFC - yet you have a modest income, no home, student loans, no assets - so something is wrong with this picture!!!! The Profile usually ends up higher than the FAFSA due to them adding in things like home equity (not applicable in your case), noncustodial parent's income (not applicable in your case), your own business employing over 50 people (not applicable in your case?) - so something is wrong. Have you run the collegeboard.com calculators? They have been spot on for me with both the FAFSA method and only a few hundred dollars off with the Instituitional (profile) method. Help me understand. It sounds like you have a serious error on your forms!</p>
<p>I agree...it just sounds like something isn't right with the computation. I think a call is necessary, if for nothing else to verify that the information they are using is correct.</p>
<p>I will take that into consideration and verify all the numbers. </p>
<p>I have not looked at the CB calculators. I will do that as well.</p>
<p>Everything I've said, and you've reitterated, is correct.</p>
<p>Wouldn't it be a hoot if there was an error!</p>
<p>Just a mom....make sure you entered all the amounts in the correct spots (student income and assets for student incomeincome and assets/parent for parent), and make sure you didn't enter something twice (the forms are confusing and it is easy to make this mistake....putting down an asset in the student and parent section, for example). Make sure there isn't an extra zero. In other words check it line by line.</p>
<p>Amherst FA won't be getting Christmas cards from my family, either. ;)</p>
<p>So I checked the CG calculator, and still come up with the numbers I have all along. I will contact the schools FA office to see where their numbers come from. D is a rising college sophomore, so I'm not concerned about feather ruffling, just looking for clarification.</p>
<p>Just a Mom: I am expected to contribute 3xs as much as my efc at a school that used the profile. I figure they expect my D to earn at least 1500 in summer, if that is the case then I now owe double. I am a single parent who rents. Father was never in the picture. I hope other non profile schools do better meeting the EFC. I am not sure how I am going to come up with the difference.</p>