<p>This past year my father lost his job, the main source of our family income. If I am applying for financial aid, do they take the fact that my father is unemployed now, or from our taxes last year?</p>
<p>Your EFC is going to be based on your family’s 2010 income. If your dad received any severance pay, paid vacation time, and/or cashed any retirement funds, those will count as income.</p>
<p>However, keep in mind that even if your EFC ends up lowish, if your schools don’t meet need, you may not get as much help as you need.</p>
<p>Have you used an online EFC calculator? You should (and have your dad help you since he’ll know if he cashed anything or got a severance).</p>
<p>Where are you applying?</p>
<p>Im not too sure how touse it. But i really really want to go to vanderbilt, boston college,or wake forest</p>
<p>Im not too sure how to use it. But i really really want to go to vanderbilt, boston college,or wake forest</p>