Why is my EFC so high?

The federal methodology calculates your Expected Family Contribution based on 47% of your income (AGI), 5.6% of your assessable assets, 50 % of your student's income (over $4750), and 20% of your student's assessable assets.  There are a few allowances given which lowers your income figure from the AGI on your taxes however, you can see that this formula will result in a challenging figure no matter your income.  That's why planning ahead is incredibly important.  Many, many families can make changes which will lower their EFC legally.  Business owners have many, many options to do so!  Please contact me to schedule a consultation  - 858-705-0043 or kob@celticcollegeconsultants.com