Income chart for FAFSA

_rentof2
Thu, 08 Oct 2009 21:28:03 +0000

When I plugged in the numbers for my small addditional income this year (somewhere between 6 and 7K), it did change our EFC, and both kids will lose their Pell grants next year. They are smallish partial Pells because we were close to the cut-off, but it’s a combined loss of about 3000 between the two of them. Because they lose the Pell, they will also lose some state grants. My son’s private college will also expect more from us. (Not sure what will happen with daughter’s public.)

So I think my working this year will net us about 0, but like I said, it’s good in the long run for me because I needed to get back into the job market.