How much can you make and still qualified for financial aid?

Question

hi, everyone, please help

i got a part time job this spring and currently working full time in the summer. Can anyone tell me what is the maximum money that i can make and still qualified for full financial aid?

thanks a lot!!!!!

Answer 1

There is not a specific income level. FAFSA uses several factors to determine your eligibility. The look at your families taxable income, # of family members, # of family members in college, untaxed income as well as investments.

You will need to complete the FAFSA at www.fafsa.ed.gov, and then the school or schools you are wanting to attend will let you know what types of aid and how much you are elgible for.

Every student who is enrolled at least half-time and is not in default on any other federal loans, will be eligible for a Federal Stafford Loan. The earlier you file your FAFSA, the more money you may be eligible for. And you need to file your FAFSA every year. Many states use the FAFSA to determine eligibility for state grants as well. So while some students do not qualify for any federal grants, they still qualify for state grants.

Good luck, and contact your financial aid office if you have any questions or need assistance filing your FAFSA.