Ask Question
BusinessBusiness
3 May, 21:49

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?

+3
Answers (2)
  1. 3 May, 22:09
    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.
  2. 3 May, 23:20
    0
    Because it is illegal
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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The amount paid for stock is the most a shareholder can lose in the corporate form of ownership. a. True b. False
Answers (1)
One of the roles of congress is to review the agency rulemaking process. its review begins only after the agency has published the final rule in the federal register. select one: a. True b. False incorrect
Answers (1)
Supply curves tend to be Multiple Choice a. less elastic in the long run because there is time for firms to enter or leave an industry. b. perfectly inelastic in the long run because the law of scarcity imposes absolute limits on production. c.
Answers (1)
An efficient market is one where the prices of the assets traded in that market fully reflect all available information at any instant in time. True False
Answers (1)
Arden Company reported the following costs and expenses for the most recent month: Direct materials $ 80,000 Direct labor $ 42,000 Manufacturing overhead $ 19,000 Selling expenses $ 22,000 Administrative expenses $ 35,000 1) What is the total amount
Answers (1)
New Questions in Business
Grocery, inc., and dave's market enter into a contract for the delivery of locally grown produce. the parties use a standard grocery, inc. form that contains some of the terms the parties agree on but not others.
Answers (1)
As Starbuck expands in Chile, the company wants store décor and paper goods used to be controlled by
Answers (1)
A corporation with both preferred stock and common stock outstanding has a substantial credit balance in its retained earnings account at the beginning of the current fiscal year.
Answers (1)
A customer owns a convertible subordinated debenture, convertible into common at $25 per share. The bond is currently trading at par. If the bond's market price increases by 20%, the conversion ratio will be:A. 25:1B. 32:1C. 40:1D. 48:1
Answers (1)
True/False Demand in which quantity demanded drops to zero at the slightest increase in price is called perfectly elastic
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?