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

Answer 1

Because it is illegal

Answer 2

Answer:

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.