Do students in poverty/homeless typically receive more financial aid from schools?

[sybbie719]

<p>If you are 24 years old, then you are an independent student for federal aid. Your receiving financial aid will be based in your income & assets not, your parents.</p>

<p>You will be able to borrow more in student loans:</p>

<p>Second year - $10,500—No more than $4,500 of this amount may be in subsidized loans.</p>

<p>Third year through graduation (undergrad degree) $12,500—No more than $5,500 of this amount may be in subsidized loans.</p>

<p>however, this does not mean that you are an independent student for state aid (If you are a NYS resident) or institutional aid.</p>

<p>For example:</p>

<p>at Cornell</p>

<p>

@Cornell

</p>

<p>Independent Students</p>

<p>If you are admitted to Cornell as a dependent student, you will remain as such for your time at Cornell. Even if you are considered independent for federal student aid, Cornell may consider you to be a dependent of your parents when determining institutional aid eligibility.</p>

<p>Cornell will consider you to be independent if:</p>

<p>you are a non-traditional student and have been self-supporting for more than five years; or
both of your parents are deceased; or
you are a ward of the court
If any of these situations apply to you, please contact our office to discuss your individual circumstances. You will need to request the application for independent student consideration.</p>

<p>[Family</a> Circumstances | Financial Aid](<a href=“http://www.finaid.cornell.edu/special-circumstances/family-circumstances]Family”>Family Circumstances | Financial Aid)

</p>