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My dad makes over $100,000 per year, but we have six kids in the family. Would our family’s size increase our chances of receiving financial aid?

April 26, 2017Dad family financial aid increase Kids size year

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My dad makes over $100,000 per year, but we have six kids in the family. Would our family’s size increase our chances of receiving financial aid?

1 Answer

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The needs analysis makes an adjustment to your income called the “income protection allowance” based on your family size and the number attending college. The larger your family, the higher the income protection allowance will be. It protects a portion of your income for the living expenses of your family.