financial aid and working student

mommdc
Sun, 11 Mar 2018 21:57:39 +0000

I think the income protection allowance for a FAFSA dependent student was $6,570 for the 2018/19 year.

Also federal, state and soc sec taxes paid on the income are subtracted before the income is assessed towards FAFSA EFC.

Anything more than that we be assessed 50% towards FAFSA EFC.

Your income from 2018 won’t be reported until the 2020/21 FAFSA and the formula might change by then.