Question about the FAFSA- Students Financial information

Paying for College
1

<p>So it asks for "taxable earnings from need-based employment programs, such as federal work-study and need-based employment portions of fellowships and assistantships."</p>

<p>I participate in a work-study program at my high school in which I get to leave school early to go to my job. My mom thinks that my earnings from this job should be entered but I don't think that it should. Who is right?</p>

<p>Also the question below that wants "taxable student grant and scholarship aid reported to the IRS in your adjusted gross income. Includes Americorp benefits (awards, living allowances and interest accrual payments) as well as grant and scholarship portions of fellowships and assistantships."</p>

<p>I did Americorp last summer and some of the people served with told me it is better to use the award in your last year of college so if I'm not using it this year, I shouldn't enter it in, right?</p>

2

<ol>
<li><p>The high school work study job is not reported here, since it is not awarded based on need. The purpose of this question is to identify earnings that were part of need-based aid awards.</p></li>
<li><p>You don’t just list awards here … you list award amounts that were required to be reported as income on your 2012 federal tax return. If you didn’t have to report any Americorps income on your tax return, you don’t list anything here.</p></li>
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