Is there a certain income level that qualifies families for assistance?
No, any admitted degree-seeking student, who is enrolled at least half-time, can qualify for federal assistance regardless of family income. If there is not a “need level” the assistance may be limited to student loans. There are many variables that affect the determination of a family’s expected family contribution. Different variables that affect the family contribution are: parental income, student income, number of family members, number of family members in college, assets for both the student and parents, trust funds, age of the older parent, etc. Due to the number of variables it is impossible to predict an expected family contribution.
