Will my dad getting a raise affect the family contribution of my financial aid?

Question

we are four in the house hold. brother, mother, father, and me. my brother and i dont work he is a full time high school student and i am a full time college student. together my parents make very little less than 18,000 a year. will my dad getting a raise affect my financial aid family contribution? what is the max income in order for family contribution to be $0?

Answer 1

not likely, unless your mom rakes it in.  18K a year is very low income for a family of 4.  PS: The maximum pell grant went up for next year... so if you have an EFC of zero again you'll get about 4700 next year going full time.

Answer 2

For one, it would effect the school year beginning August 2009.  If your dad's raise is less than $10,000 a year, then I sincerely doubt it would raise your EFC at all.