<p>So My family income is about 49K for 2009 tax income and I got 49K Grants/Loans from The George Washington University for 2011-2012 (Through CSS Profile/FAFSA). And I have a sister who is going to college like me. Because my dad got a job this year, I am guessing our family income would slightly be near 100K. </p>
<p>How much would the grants/loans that I received from GWU change if I continue to study at GWU for 2012-2013 and so on? </p>
<p>Im pretty sure my parents did not save money for college so they would have to pay from their own income. My parents told me that I would have to transfer to a different college if they would have to pay a lot. :( </p>
<p>By the way, GWU's total expenses are about 55K a year.</p>
<p>That is unanswerable because 12/13 aid will be based on actual 2011 income and assets and 11/12 FA is based on 2010, not 2009. If your family income doubles and the number in college remains the same, I would expect your grant aid to be reduced. But you should ask GWU about that. And it would be better if your folks could quantify what “paying a lot” means to them and tell you exactly how much they think they could commit to your education on an annual basis. Are you a high school senior? When is your sister starting college?</p>
<p>And I would add what kind of loans? PLUS loans are parent loans while Perkins and Stafford are student loans. But while loans are considered “aid” they do need to be paid back. You could certainly call the college finaid office and ask them how the increase in income might be reflected…I doubt they will give you a concrete answer but they might be able to tell you enough to have a discussion with your parents.</p>