I am doing an EFA on a 20-item Likert scaled survey instrument. When I initially did EFA, five factors were extracted, but I could not reasonably fit the survey items into those 5 factor with a variance of 56.75%. So, my professor asked me to try to control the EFA to extract 3 factors. When I did this, all survey items worked well with those 3 factors. However, my variance dropped to 45.63%. So, I know the "recommended" variance percentage is 60%. So, what do I do now? Is there a way to explain why this is low? Do I need to do additional tests or check other things? I am on the final part of my disseratation, and my professor just questioned this...HELP!