Student income ...

2collegewego
Sun, 06 Nov 2011 12:00:30 +0000

I’m trying to help a friend and want to run this by the financial aid officers on the board to make double-sure I am correct.

The family is on food stamps so her freshman son has an automatic zero EFC. He was just offered a part-time job and she is concerned about the effects on financial aid.

My understanding is that as long as they qualify for automatic zero, his income doesn’t count. The problem is that his income might bump them out of food stamp range. In that case, as long as the parents’ income (not family income, just parents’ income) is under $31K/year, they still get automatic zero EFC and his income still doesn’t count, right ?

If somehow, the parents’ income goes over $31K, then the student’s income over $5250 will be assessed. At what percentage is that?

Sorry for all the questions. They live very close to the edge and she really wants her kid to be able to go to college.