2007-01-29 07:08:18 · 5 answers · asked by smces2004 2 in Education & Reference ➔ Financial Aid
No matter how much in debt you are or are not, it doesn't effect how much financial aid you get. Financial aid is based off of how much money you and people in your household made. If you made $30,000 last year but are in $25,000 in doesn't matter. Don't get the FAFSA, and taxes confused.
2007-01-29 12:10:01 · answer #1 · answered by glassflower 4 · 0⤊ 0⤋
no cause the aid is not based on what u owe (wish it was).. it goes by last years taxes and earnings.. U do get aid to cover rent, car gas, electric, etc.. but they don't count things like credit cards, cable, internet, etc.. BASIC living costs only. If u have a lot of MD bills, ur college make take that into consideration and give u more aid..
2007-01-29 17:38:37 · answer #2 · answered by chilover 7 · 0⤊ 1⤋
depends on what you mean by expenses...if you mean credit card...it won't factor in. if it's medical expenses, it will help. But as others have said, it's parents income that effects it.
2007-01-29 16:06:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They just want to see how much income and cash you have to see if u do need assistance....
2007-01-29 15:16:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
no, what really matters is how much you and your parents make, and if you have a scholarship.
2007-01-29 15:13:13 · answer #5 · answered by mgirl 2 · 0⤊ 0⤋