Ask Question
BusinessBusiness
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?

+2
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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Tech Surge applies research into physics and biochemistry to create advanced surgical instruments and implants.
Answers (1)
A store has issued two different coupons for its customers to use. One coupon gives customers $20 off their purchase price, and the other coupon gives customers 20% off of their purchase.
Answers (1)
When setting performance measures for incentive systems, we can say that the best measures are those that: a. allow employers to "ratchet up" standards and base rewards on qualitative standards. b.
Answers (1)
Dane, Inc. purchased 10 shares of its own $5 par value common stock for $20 per share. The journal entry to record this transaction would include a (debit/credit) to the Treasury Stock account in the amount of $
Answers (1)
In the long run people who give their best effort at work are taken advantage of by the company
Answers (1)
New Questions in Business
An oligopolistic market structure is distinguished by several characteristics, one of which is a difficult entry. Which of the following are other characteristics of this market structure? Check all that apply. a. Market control by many small firms.
Answers (1)
Who should you' alert that you are interviewing for jobs? A. Your references B. Other possible employers C. Your classmates D. Your present employer
Answers (1)
Common allocation bases are a. direct labor dollars, direct labor hours, and machine dollars b. machine dollars, direct labor dollars, and direct labor hours c. direct labor dollars, direct labor hours, and machine hours d.
Answers (1)
George and Weezy received $30,200 of Social Security benefits this year ($12,000 for George; $18,200 for Weezy). They also received $5,000 of interest from jointly owned City of Ranburne Bonds and dividend income.
Answers (1)
Which of the following is true regarding the high-tech industry today? a. It generally depends on a pool of low-skilled labor. b. It has led to the increased economic development of previously rural areas. c.
Answers (1)
Home » Business » 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?
Sign Up Forgot Password?