Is it based on how much the school tution, your age, your income, and the school? I don't live with my parents, I am in my late 20s possibly thinking about attending school. I know what FAFSA is, but I just want to know how do they determine how much they will approve for financial aid. Thanks!!
2007-09-28 05:53:56 · 3 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
The FAFSA form goes by your last year's tax return information since you are in your late 20s. For example if you were applying for the Spring 2008 semester, it would go by your 2006 income tax return. It takes into consideration your marital status, your household size, and number of dependents you have. Your contribution would be counted at a percentage of both your income and savings. You could receive the Pell Grant (income dependent), work study program, need based college scholarships from their endowment fund, and student loans. There is a FAFSA worksheet which costs money which can be utilized to show your entire situation which could bring more money. I will include some free resources below which should help. Good luck!
2007-09-28 06:26:08 · answer #1 · answered by dawncs 7 · 1⤊ 0⤋
At your age it would be based on income, and tuition rates for that school. I think they may also take into account your dependents. When you're younger and unmarried they take in to account your parent's income as well.
2007-09-28 06:02:07 · answer #2 · answered by Colonel Obvious AM 6 · 0⤊ 0⤋
income because my first year of college my income was like 7thousand and they pay for the whole semester and and i even got left like 600 it depends on ur situation like what's the income of ur parents if one of them is death they will give a whole buch of me
2007-10-02 03:05:27 · answer #3 · answered by deiny 2 · 0⤊ 0⤋