O.k. Finished my taxes and filed FAFSA. My EFC is estimated at $67,216
WTF?????????????????????????????
I submitted 2005 W2's etc. This was much less than previous years.
The only thing I can think of that would make the EFC seem so high is my 401K fund (I saved relatively well). But, how many people liquidate their IRA to go to med school?? I will if necessary, but come on.
(I rolled my 401K over into a traditional IRA recently, since I left my job in August (full-time that is)).
Obviously, I did not include parental data in my FAFSA, and I checked it for errors. Everything looks correct.
Is it a decent amount of money in my IRA that is screwing me up on this????
My reported income for 2005 was in the $40's and my "net worth" was very, very modest.
I'm getting very, very worried now. I'm on my own in this, as the vast majority of you guys are.
Anyone have any input????