I'm about to get promoted and that means I'll get paid a little bit more, will it effect my Federal Aid for college this year or in the future?
2006-11-10 13:34:06 · 4 answers · asked by Ct_noicS 1 in Education & Reference ➔ Financial Aid
If it is a small raise, it might slightly effect it, but if it is in the thousands of dollars it could. However, with the raise coming late in the calendar tax return year, it might not be as much of an influence since the FAFSA for the 2007-2008 year is based on your 2006 income tax return. By the way, congratulations on your recent promotion!
2006-11-10 14:29:04 · answer #1 · answered by dawncs 7 · 0⤊ 0⤋
Grants are given based on last years income tax return..your raise will ONLY affect future aid
2006-11-10 14:51:13 · answer #2 · answered by chilover 7 · 0⤊ 0⤋
Yes it does affect it. But it is calcuated in ranges, so you still might be in the same range even with a promotion. The only way way to be certain is when you apply next year. It won't affect your aid this year if you don't go and tell FInancial Aid about it. Congrads btw.
2006-11-10 13:41:10 · answer #3 · answered by Laura 5 · 0⤊ 0⤋
Not a whole lot, unless you have greats amounts of money.
2006-11-10 15:07:12 · answer #4 · answered by dean-propps@sbcglobal.net 2 · 0⤊ 0⤋