How much can student earn?

Paying for College
1

<p>I am just wondering if someone can tell me how much a student can earn in a year before their income is looked at for financial aid?</p>

2

<p><a href=“http://www.ifap.ed.gov/efcinformation/attachments/0607EFCFormulaGuideDecFinal.pdf[/url]”>http://www.ifap.ed.gov/efcinformation/attachments/0607EFCFormulaGuideDecFinal.pdf&lt;/a&gt;&lt;/p&gt;

<p>you can do the formula yourself using this link</p>

3

<p>Why are you being paid on the books? Thats one of the stupidest things to do. If you fly high under the books then no one knows anything and colleges dont find out.</p>

4

<p>A lot of jobs don’t pay under the table. Most that do are ones like babysitting, gardening, housekeeping, or for small, private businesses. </p>

<p>Oh does anyone know if stipends for internships are counted at all in the finaid process?</p>

5

<p>DSoke, colleges don’t find out only if you lie on the FAFSA. Is it stupid to tell the truth?</p>

6

<p>If you qualify for federal workstudy that is not held against you for federal aid. The numers on the link above are out of date for the next FAFSA. Allowance against student income will be $3000 and the amount of student savings expected to go towards school will be 20%.</p>

7

<p>If you aren’t claiming income from your jobs on 1040 and FAFSA, you can’t very well claim them on your info form- & colleges will wonder what you are doing with your time.</p>

<p>Is it worth it to save the few dollars from declaring income by working under the table, when you aren’t able to write about the skills or contacts you have made with your job?</p>