<p>What is the maximum amount a student can make before it impacts their FAFSA / Pell Grant award?
thanks.</p>
<p>2012-2013 FAFSA’s income protection for dependent undergraduate students is $6000, from 2011 earnings.</p>
<p>2013-2014 FAFSA will allow a little more than $6000</p>
<p>Yes, those are the amount that he can earn. However, if he has any of that in savings, that can hurt.</p>
<p>Thanks - that’s what I needed.</p>
<p>On the day you and your parent fill out the FAFSA, make sure your bank accounts are not flush with money that is waiting to be spent on bills. Payday is not the day to fill out that form. Because the form wants to know what your assets are on that day, and not the day after when your check clears for the rent. if you are selected for verification and your account balances are checked for that date that you filled out the form, it can be a problem if your parents had subtracted out the insurance money sitting there to replace the leaky roof for instance. </p>
<p>And, you, the student have no protection allowance for you assets so it behooves you to perhaps reimburse your parents for expenses and let them have a college saving fund for you instead of you holding that money, because they get an asset protection allowance and only get 5.6 % of asset assessed to EFC. You get 20% with no allowance as a student.</p>