My parents have a lot of assets so my EFC came back really high, like 27000 something. However, the mortgage on those assets are huge, and I was wondering if there was any way to tweak the numbers for a better EFC. What would ideal numbers be to get back a minimal EFC?
2007-02-13 05:25:38 · 2 answers · asked by Jess 2 in Business & Finance ➔ Taxes ➔ United States
Is there a way to incorporate 2 huge mortgages into the equation?
2007-02-13 05:44:55 · update #1
If tweak means fudge or LIE then don't do it. You could jeopardize your educational funding for filing a false FAFSA. Plus, it is illegal and you could be prosecuted for filing a false FAFSA. When you submit the application you sign it saying that it is accurate to the best of your ability subject to a $20,000 fine and/or imprisonment (fafsa.ed.gov).
FYI...the FAFSA is checked with a few federal agencies to verify accuracy, so yes they can tell if you falsify things.
2007-02-13 05:40:38 · answer #1 · answered by R Worth 4 · 1⤊ 0⤋
nope, but you can always file a appeal to see what they will do that way.
2007-02-13 13:47:35 · answer #2 · answered by clarnely_2001 4 · 0⤊ 0⤋