Is there an income level cutoff to qualify for financial aid?
No, there are many factors in addition to income which are used to determine eligibility for need-based aid. In addition to income, other factors such as family size, number of family members in college, assets, and parents’ age are considered when determining the students’ eligibility for financial aid.
There is no set income cut-off for financial aid eligibility. Though grants and scholarships may be contingent on financial need there are many factors in addition to income which are used to determine eligibility for need based aid. In addition to income, things such as family size, number of people in college, assets, and parents age are considered when determining a family’s ability to pay. In addition to grants and scholarships, there are various educational loans and payment plans available to assist with paying college expenses.
