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I've been out of school for around a year and I'm wondering whether I would qualify for a pell grant based on my current income. I've been working full time for around 2 years (including 1 year where I was in school and working) and I just did my taxes for 2006....my adjusted gross income was $19,000. My parents can no longer claim me as a dependent for tax purposes, even though I am only 22. But obviously I am still considered a dependent for financial aid purposes.
I recieve no assistance from my parents anymore. My dad was working for the government in afghanistan when a roadside bomb destroyed the humvee he was travelling in. He no longer works but does recieve a disability check. My mom doesn't work and hasn't for many years. They are both near retirement age (58). Their income and situations don't really allow them to contribute anything, and I don't ask.
However, I'm debating whether to bother applying for a pell grant based on the income I made last year. 2005 gross adjusted was around $15,000 and 2006 gross adjusted was $19,000.
I can quit working, go back to school full time and file a "change of circumstances" appeal I think...given that my income would drop from around $25,000 pre-tax to like $12,000 pre-tax or less, depending on how much I want to/can work.
Just wondering what my options are. I'm hoping that I will at least qualify for subsidized stafford loans this year instead of unsub like last year. Is a pell grant a reasonable expectation?
My school's cost per semester is around $5,000 for tuition, books and reasonable housing (it's a cheap, privately funded religious school). Thanks for any thoughts.