<p>Hello everyone, thank you for taking the time to read my question. I will be attending college the coming Fall and I've applied and was accepted for a part time position on campus. My question is, should I earn 4k working with them over the summer and another 6k through the school year, will my wages significantly affect my Fafsa EFC and if so, a guesstimate? My family's financial circumstances make it such that I receive aid, but only a moderate amount. I have read that there is a 6k income protection for Fafsa for the 2012-2013 year and my work studies income (during the school year) will not affect my EFC. Thank you again for taking the time to read.</p>
<p>Income from federal Work Study (that is part of your FA package) will not affect your EFC at all. Any other income has a certain amount of income protection ($6,000 for the 2012-2013 FAFSA plus allowances for taxes and FICA). Of the remaining income after protected income and allowances, 50% goes to the EFC.</p>