<p>I was planning to get a job, but does that mean my fin-aid will be lower next year?</p>
<p>My parents are just under the 50k maximum, so we do get lots of help from the school. So if I add a job, would that mean I could get a lot less help next year?</p>
<p>I'm worried about that, and I don't get work study.</p>
<p>-I also go to UC San Diego if that helps. Thanks for all your time.</p>
<p>Students have an income protection allowance of $4500 on next year’s FAFSA. If you keep your income under that, it won’t affect your financial aid.</p>
<p>Did you check indicate you didn’t want work-study? I’m surprised you didn’t get awarded any if you are low income or did they perhaps replace your work-study with a school scholarship? Obviously a grant is best and in general, a work-study job is better than a non-work study job. Work-study income is taxable but does NOT get included when determining financial aid, whereas non-workstudy income is both taxable and counts toward fin aid. </p>
<p>Keep in mind that any scholarship/grant money that is over your tuition is ALSO taxable - so you need to add your excess scholarship $ to your work income - if this total is more than the limit, then you need to pay taxes on it.</p>
<p>I recieved a SMART grant, so they took away my work-study. Does non work study income go under the “income protection” Because I’m sure I won’t make that much, and if it doesn’t count towards finaid, it would be good.</p>
<p>Work study income is not counted at all towards your EFC. Non-work study income falls under the income protection allowance of 4500.</p>
<p>So if you made $2,000 in work-study and $4,500 in a part-time job; you could make up to $6,500 per year before it had any impact on your EFC.</p>
<p>Thank you so much for all the help guys. That was exactly what I was looking for! You guys are great.</p>