<p>I don't understand this? My FAFSA got updated and it says my EFC is around 35,000 to 40,000 (I do not want to state exactly how much here) but I received a Cal Grant B award notification before this happened, so will I still have my Cal Grant B or will it be taken away?</p>
<p>On forms I filled, my parents had investments, but they weren't doing well, and my parents make upper class income range if that helps.</p>
<p>Can anyone with any knowledge about this tell me if I will still receive the grant?</p>
<p>I am no sort of expert on the calgrant but from what I have seen on this forum I would be surprised if you are eligible. Calgrant B is for low income students and there are income and asset limits. With an EFC in the 35K+ range I doubt that your income and/or assets fall within those limits. I don’t have time to look for the current limits right no but here is a link with the 2007-2008 limits to give you a ballpark figure.
[Cal</a> Grants](<a href=“http://www.ophs.opusd.k12.ca.us/cal_grants.htm]Cal”>http://www.ophs.opusd.k12.ca.us/cal_grants.htm)
Asset limits were @ $56k. Income limits varied depending on # in family but were $38,500 for a family of 4 for B or $73k for a family of 4 for A. The limits have probably increased a little. But, though, I don’t know what you consider ‘upper class income range’, neither of those income limits would say upper class family income to me.</p>
<p>It sounds like your initial FAFSA must have contained some pretty large errors to go from being eligible for the Calgrant B to having an EFC of 35,000+. Was it you that updated it or the school? If it was the school have you checked the updates to make sure they are correct?</p>
<p>You can check the status of your Cal Grant here: <a href=“CSAC - Student Landing Home”>CSAC - Student Landing Home;
<p>I think the school updated. </p>
<p>What if there are no assets, but just investments that affect the income my parents have for the year?</p>
<p>Even if my parents are in a high income bracket range, with the failing investments affecting the income, would this cause the grants to be affected by it?</p>
<p>I don’t really understand. Investments *are *assets. Unless they are of the non reportable type such as IRAs or 401ks. I also don’t really understand what you are saying about the income. Losses would affect the income if the investments were sold at a loss in the 2008 tax year. And that would be reflected in the AGI that was reported on the FAFSA. </p>
<p>As I said before an EFC of 35k+ indicates income and/or assets higher than probably required for the calgrant. Have you checked the adjustments to make sure they are correct? If you go to the FAFSA website there should be a new transaction that will detail any changes they made.</p>