Is there a maximum income level, which automatically makes families ineligible for financial aid?
No. We strongly encourage all families to file the FAFSA. While a family’s income and assets are part of the formula used to determine financial need, there are other variables involved, such as the number in the family, and the number in college. Since the federal and state formulas that determine families’ eligibility for aid change often, it would be unwise for anyone to assume that they will not qualify for financial aid. Families should remember that Stafford Loans are available to students who file the FAFSA regardless of financial need. As well, most students are eligible for campus employment regardless of need. Additionally, while financial need is a criterion for some scholarships, other scholarships may have no such specification.
