<p>Hi,
My parents just filled out the fafsa and the EFC note at the end showed a very strange figure of ~$70,000... uh.. what? I know my family's finances, and if that means per year, it is absolutely ridiculous -- incredibly so. Can anyone shed some light on this?</p>
<p>It is per year. Your parents may have assets that you aren't aware of. Or they may have assets in your name. The first time we did the FAFSA our EFC was $65K. So, yeah, it does happen, even if you don't feel like you're really loaded!</p>
<p>Of course, double and triple check to make sure there are no errors on what you submitted!</p>
<p>C, weenie is right, please go over it carefully and make sure there are no errors anywhere....</p>
<p>Try plugging the income numbers into the calculator at FinAid-- it will not only confirm the EFC, but tell you where it's coming from in the formula.</p>