CalGrant: income and asset ceilings

crizello · 01-05-2011, 11:16 PM

Hello:

Does a person need to meet BOTH the income and asset ceilings to qualify for a CalGrant?

For example, we meet the income ceiling but are above in assets (because we have been saving for college)

Does that mean that we will automatically be rejected for a CalGrant?

Without this, it will be almost impossible to pay for an education, that's for sure.

Thanks!

Kender · 01-06-2011, 02:06 AM

Yes. You must meet both the income and asset ceilings.

Quote:

All Cal Grant applicants must:

Have family income and assets below the established ceilings

Source: California Student Aid Commission - Cal Grant Program Summary