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21 November, 01:26

Anna's family was expecting a lower EFC than they received. Anna's mother suggests changing the Parent's Gross

Income from $97,000 to $57,000 and re-submitting the FAFSA. Why is this a bad idea?

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Answers (2)
  1. 21 November, 01:34
    0
    Because it is illegal
  2. 21 November, 01:49
    0
    Lying on FASFA is considered fraud and can get you in jail and up to $20,000 in fines. All financial aid stops and the student is generally to repay any aid received.

    Explanation:

    A high expected family contribution (EFC) results in a lower amount of financial aid. Those with a high EFC are either upper middle class or upper class directly, so theoretically they shouldn't require that much financial aid. Anna's parent gross income is $97,000 which is not considered upper middle class.
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