Fed Aid Questions

Paying for College
1

<p>Some things that have bothered me</p>

<p>1) A student going to school for the second half of a two semester school year, can take the full Direct Loan out for the second semester, is what I understand, if s/he is going to school full time. Does PELL work that way too? If a student is Pell Eligible for $2K for a school year, and goes just for the second term, full time, would he get the full $2K or just half of that?</p>

<p>2) Under the Simplified needs test, is a dependent student’s income counted at all?</p>

2

<p>No, you can’t get the full Pell in a semester even if you only attend the 2nd semester. (you can then get pell in the summer though)</p>

<p>A dependent student’s income is counted in the simplified needs test. It is not counted in the auto zero.</p>

3

<p>And as usual, swimcatsmom is correct! :)</p>