<p>I am 24 years old an going back to college for my second undergrad degree. Since I'm 24 I will be considered an independent. When filling out my Fafsa I filled it out with my W2s from 2008. I worked full time in 2008. When I go back to school I won't be working that much, maybe part time. Is there anyway to reflect this on the FAFSA? My top school to which I just got accepted, Parsons, is over 50000 a year and I would like all help I can get.</p>
<p>Every year you have to fill out the FAFSA. So your FAFSA in January 2010 it will show that you didn’t work as much in 2009 and you will get more aid.</p>
<p>You can’t reflect it on FAFSA. You can talk to a financial aid officer to see if they will make an adjustment for loss of income.</p>
<p>However federal aid, even with maximum loans, will nowhere near cover the cost of such an expensive school (heck it doesn’t even cover the cost of a State U). Hopefully the school has their own institutional aid to offer.</p>
<p>FYI: If you are going back for a 2nd undergrad degree, you might not be eligible for Federal Financial Aid. I could be wrong, but that was my impression.</p>
<p>Undergrads who are returning for a second B.A. aren’t eligible for the federal grant programs. They can still get Stafford Loans and Federal Work-Study, which are federal aid programs.</p>
<p>It’s also important to fill out the FAFSA because some colleges use it as a guideline for awarding institutional need-based aid. Check with your school’s financial aid office to find out.</p>
<p>You can try for an adjustment based on loss of income, but don’t be surprised if you are told no. We won’t adjust based on voluntary loss of income.</p>
<p>also can’t you only get stafford loans up to a certain maximum. If the student has stafford loans from first degree, won’t that affect how much you can get?</p>
<p>@sueinphilly: Yes, a student has a maximum cumulative loan amount for Staffords. But if the OP is 24, he’s independent and therefore able to borrow beyond the cumulative max allowed for dependent undergrads. My go-to site for specific max amounts (and most other things) is [FinAid</a>! Financial Aid, College Scholarships and Student Loans](<a href=“http://www.finaid.org%5DFinAid”>http://www.finaid.org).</p>