<p>I don’t know how much I trust that QuickEFC calculator. For a quick reference, I used my own information - independent student, ~$31,000 gross income last year, no assets. It estimated my EFC at $4,265. My actual EFC for last year a was a bit over $7,000, nearly twice what the EFC estimator said it would be.</p>
<p>I also put my parents’ information in using the 2003-2004 calculator. ~$70,000 income (that’s actually a bit higher than it was), with no assets on my part or theirs. It tells me that my EFC back then would’ve been a little less than $8,000. My actual EFC in 2004 was over $18,000.</p>