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Any delay can cause the loss of eligibility for limited aid sources.

As a result, it is important to know how to position assets and income to maximize a student’s financial aid eligibility. The U.S. Department of Education provides a way to calculate how much the federal government expects a family to contribute toward paying for college expenses.

10. Grandparent-owned 529 plans can negatively affect financial aid eligibility. Assets in a grandparent-owned plan will count as student income on the following year’s FAFSA when used to pay for college.

Income affects financial aid eligibility in two main ways: Part of the amount you are expected to contribute to pay for college, your EFC (expected family

Financial Aid Income Guidelines – Distributed September 29, 2014 Page 8. Guidance for Applying Income Guidelines for Child Care Financial Aid.


Read about how your federal student aid eligibility is calculated and see which federal financial aid formula you qualify for in the Scholarships and

The 2014 student income reported on your 2015-2016 Free Application for Financial Student Aid (FAFSA) appears unusually low. We will need additional information to determine your federal aid eligibility.

...of your student aid eligibility, you must provide additional information regarding the 2014 household expenses and income for you, your spouse (if married) and

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