How much can I earn for summer job without losing need-based financial aid?

I’m thinking working over the summer. Will having summer income affect my financial aid?

It might. Are you planning on making over $6400?

How much was your parents’ 2016 income? Was it over $25,000?

The income protection amount for a dependent student for the 2017/18 FAFSA EFC formula was $6,420 (see student worksheet, page 10 of the pdf https://studentaid.ed.gov/sa/sites/default/files/2017-18-efc-formula.pdf)

And you can get a deduction for federal, state and social security taxes as well. Calculate state tax amount with Table A7 (page 20) and soc sec tax with table A2 (page 18).

More than income, the amount in savings account on the day FAFSA is filed, can affect EFC.

So maybe plan on paying some of the first semester college expenses with your summer earnings.