<p>Why is my EFC according to FAFSA so high? My parents income combined was a # between 57 and 60 thousand last yr, and I have an EFC of 13,419. Does that sound right to everyone?</p>
<p>Yes...your EFC is typically 1/4 to 1/3 of your family gross income. I know that seems like a LOT and it is....but that is an estimate of what it might be.</p>
<p>that sux.................</p>
<p>so people with an efc of 3,000 have an income of between 9 and 12 thousand?</p>
<p>er not really. my dads income is around 55k n my mom doesnt work but my EFC was 5027 n i got around 6100 for Cal Grant so iono how this all works.</p>
<p>That EFC does sound high. However, it looks at more than just yearly income. It also includes savings, both those of the parents and those of the student, and what the student is expected to earn over the summer. So, if you have a lot saved up for college, your EFC will be higher. </p>
<p>I think when our income was about that level, with one son in college, our EFC was around $6000. However, we did not have much in savings.</p>
<p>Why don't you figure it out for yourself - all the tools are on-line - search for FAFSA EFC formula 2005 plug in the numbers and see what you get - if you're not with a few hundred dollars you did something wrong and can rectify it. My guess - if it's right is that you had money in your name or substantial liquid assets in your parents name - if neither exists then the EFC does sound high. Check it out NOW!</p>
<p>$13,000 is high? My parents earn only 50,000-60,000 and my EFC was $38,000... I guess savings must really impact the result, also they had zero earned income, maybe it matters where the income comes from. :(</p>
<p>My parents make $70,000-$80,000 and my EFC was about that much, but they don't have any savings or anything.</p>