Question : How do they determine on FAFSA how much you will get for financial aid?
Is it based on how much the school tution, your age, your income, and the school? I don't live with my parents, I am in my late 20s possibly thinking about attending school. I know what FAFSA is, but I just want to know how do they determine how much they will approve for financial aid. Thanks!!
- asked by tak3032
All Answers:
Answer #1
At your age it would be based on income, andtuition rates for that school. I think they mayalso take into account your dependents. Whenyou're younger and unmarried they take in toaccount your parent's income as well.
- answered by Heather
Answer #2
The FAFSA form goes by your last year's tax returninformation since you are in your late 20s. Forexample if you were applying for the Spring 2008semester, it would go by your 2006 income taxreturn. It takes into consideration your maritalstatus, your household size, and number ofdependents you have. Your contribution would becounted at a percentage of both your income andsavings. You could receive the Pell Grant (incomedependent), work study program, need based collegescholarships from their endowment fund, andstudent loans. There is a FAFSA worksheet whichcosts money which can be utilized to show yourentire situation which could bring more money. Iwill include some free resources below whichshould help. Good luck!
- answered by dawncs
Answer #3
income because my first year of college my incomewas like 7thousand and they pay for the wholesemester and and i even got left like 600 itdepends on ur situation like what's the income ofur parents if one of them is death they will givea whole buch of me
- answered by deiny
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