When in doubt, go for the amount that will make you seem poorer.
For those of you who know, can anyone give me a general overview of the financial aid process from beginning to end? I am very confused because I have never done this before.This is what I know - I fill out the FAFSA and receive my SAR with my EFC. This is also sent to my schools. I also fill out the school-specific forms. Then, based on all this info, the schools determine financial aid packages by calculating the difference between the estimated budget and the EFC? Do most people get that calculated amount from the schools? Or do they get some from the schools, then try to get the rest in Stafford loans? Or is this the other way around?
Wait.... where do you have to estimate 1040 responses for 2005??? I think I totally missed that!