Financial Aid? If I make $30,000 a year is that too much to get financial aid for college in New York?

Question

It is really not a lot of money for the area I live in. Is that taken into concideration

Answer 1

No, it is not too much money. The federal Financial aid is adjusted to the individual income, savings, and family size including how many would be attending college. Besides, there is the CSS worksheet (which costs money to complete and attach) but could bring additional help). The aid given is based on a percentage formula to determine what you could afford to spend towards your college education for the entire year. You can receive the Pell Grant (if your EFC score is below 4000), work study program, need based scholarships from the school's endowment fund, and federal student loans (best ones due to the interest rate). If you will be attending the fall 2008 semester or quarter, you need to complete the form in January, early February, or well before the financial aid deadline for the school to receive the most help you can get. If you will be attending the spring 2008 semester or quarter, you need to complete the form now! I have included some free resources below to get tuition money to attend school. Good luck!

Answer 2

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Answer 3

No, this is not too much money to qualify for financial aid. You can get fin aid no matter what your family income is. It's the type of fin aid that varies depending on income. Yes, the state you live in is determined into the formula the Dept of Education uses when calculating amounts. They also take into consideration how many people are in your household and if you are going full or part time. I'm attaching a publication on the kinds of financial aid and the loan amounts. Good Luck.

Answer 4

Depends on a lot of things.

Talk to your Finance Counselor. If you don't have one, find one at the school you want to attend.

They can give you dollars and cents.

P.S. Federal Financial aid is NEVER intended for anything other than school costs. There are no living expenses included.

Answer 5

I am assuming you will not make this while attending school. More than likely the majority of your loans will be unsub, meaning the interest that accrues while in school is not paid by the government. Your FAO has alot to say about how much money you will get and since you are in an expensive part of the country, you should get enough to pay for school and some living expenses.

Answer 6

It depends on the school and the cost of attendence. It also depends if you are filing as dependent or independent. Also financial need takes other things into consideration as well, such as savings, etc.
Your best bet would to be fill out the FAFSA(fafsa.ed.gov) and see what your expeceted family contribution(EFC) is going to be. From there the Cost of Attendence - EFC = Financial Need.

Answer 7

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