<p>What is the level of income that is the cut off for not receiving any aid, and does FAFSA take into account where people live/cost of living?</p>
<p>
No it doesn’t.</p>
<p>
There really is not one. There are so many variables that can make a difference, number of family members in college at the same time, cost of college etc. Your income and assets assets are part of the equation) may be too high for aid at a school costing $15,000 but you may qualify for aid at a school costing $30,000.</p>