<p>If a Student was to go to school for 2 years, and while doing so take Stafford loans. Then the student would leave for 2 years for full time employment.</p>
<p>Would that student after the employment still be eligible for financial aid and Stafford loans?</p>
<p>Yes. </p>
<p>Assuming he had not maxed out on loans (which he wouldn’t after 2 years) and that he was otherwise eligible (wasn’t ineligible because of grades or too many dropped classes etc).</p>
<p>He would need to keep in mind that his earnings for the base year could have a big impact on his EFC as 50% of student earnings over the protected income allowance (@ $3800 this year) go to the EFC.</p>
<p>edit:I am talking about federal aid here. Schools that offer institutional aid will have their own policies. And merit aid is usually less for non freshman students.</p>