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What is the income limit to qualify for financial aid?

April 26, 2017financial aid income limit qualify

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What is the income limit to qualify for financial aid?

2 Answers

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There is no specific income limit. A complicated formula is used to look at income, number of people in the household and in college, age of the eldest parent, investments, cash, savings, checking, and even the state of legal residence. You provide this information on the FAFSA application and the result is the EFC (Expected Family Contribution) which is used to determine the family’s ability to pay for educational costs.

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Posted

There is no specific income limit. A complicated formula is used to look at income, number of people in the household and in college, age of the eldest parent, investments, cash, savings, checking — even the state of legal residence! You provide this information on the FAFSA application and the result is the EFC (Expected Family Contribution) which is used to determine the family’s ability to pay for educational costs.