Does having a job raise your EFC?

Question

Does a higher EFC mean less aid?

Answer 1

Yes it can.  A higher EFC will mean that you can contribute more to your education and need less money from the government.  If you are applying for aid for 2008 - 2009, you use your 2007 tax information (or your parents depending on your age).  So, it is based on 2007 income not your income now.  

Answer 2

It did raise mine when I was in college...

I always thought that was somewhat unfair...

Answer 3

It could, depending on how much money you make. If you just work part time or don't get paid well, you'll probably still be below a certain level, and yes, it may mean less grants and other "free"money, it doesn't mean you still can't get student loans.