<p>I applied for financial aid around January 2010 and while my sister was still in college. Now she landed a jobs as registered nurse and she currently lives with us. Will this affect how much I get in federal pell grant? Also I am working at my university making $9.50/hr and working 5hrs a week.</p>
<p>Thanks</p>
<p>When you submit your FAFSA after January 1st, you’ll have a higher EFC.</p>
<p>You won’t be able to count your sister as being in college, nor will you be able to count her in your household since she’s graduated and self-supporting. It doesn’t matter that she lives in your house. She’s making a good living therefore your family can’t claim that they are providing more than 50% of her expenses.</p>
<p>If the income from your job work study? If so, it won’t count. If it’s not work-study, the income could affect your EFC. How much will you earn this year?</p>
<p>What was your EFC last year? It will be probably be at least double for next year.</p>
<p>I don’t have work study, its just a regular job and also I have another younger sister that will be going to college in 2014 which will hopefully lower the EFC. My EFC is currently at $1,465.00 and I got around $4100 in federal pell grant. So I assuming my pell grant will be lower next year?</p>
<p>If all other information is the same (your parent’s income and assets, and your income and assets) then your EFC will probably be about double as it will not be divided between you and your sister. So that will probably reduce your Pell by around 1400 - 1500 ish. </p>
<p>The parent generated part of the EFC is divided equally between the number in college. Once your other sister is in school the parent part of the EFC will be divided between the 2 of you - if you are still be in school by then.</p>
<p>Students do have a certain amount of protected income. For 2011-2012 it will be $5250, so if your income is below that it will not affect your EFC. If it is over that then after the protected income allowances for taxes, 50% will go toward your EFC</p>
<p>How much will you have earned for 2010?</p>
<p>your EFC could MORE than double for the following reasons…</p>
<p>1) fewer household members to claim</p>
<p>2) fewer kids in college</p>
<p>3) your income (if over the protected amount) and any savings you have.</p>
<p>Your younger sister will start school in 2014, but won’t you have graduated by then?</p>
<p>Sorry my sister will be in college in 2012.</p>