<p>At what point does a school start taking half of each dollar you earn over a certain limit and assume that you will use that money to pay for your tuition? For example, if the cutoff was $3,500 for student wages and the student made $4,500, then the school will subtract $500 in aid from your financial aid package because he was $1,000 over. I live in NJ, if that helps.
Sorry if this is unclear. … I wasn’t sure how to phrase this.</p>
<p>for the 2009-2010 fafsa, the income allowance for students is 3750 plus allowances for fica and state/local taxes. After that, 50% gets added to the efc</p>