What is FAFSA max income cut off at?

Paying for College
1

<p>My friend's income is 80k total with both parents. Will she be eligible for financial aid?</p>

2

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<p>This question cannot be easily answered. It would depend on the school, the number in her family in college at the same time next year, other assets (savings, investments), and the policies of the colleges.</p>

<p>Your friend should use one of the EFC calculators and plug in the information from her family. It won't give her a financial aid "award" but it will give her a guestimate of the amount her family will be expected to contribute next year.</p>

3

<p>Because loans are financial aid, your friend WILL be eligible for financial aid ... as long as any scholarships he/she receives do not total more than the school's cost of attendance (CAO). Even if the student's Expected Family Contribution (EFC), which is subtracted from the COA to determine need for need-based aid, is higher than the COA ... the student will be able to borrow up to $5500 in unsubsidized Stafford loans freshman year (again, as long as COA-any aid including scholarships>0 & keeping in mind that loan amount cannot exceed that ">0" number).-</p>

4

<p>Well, she has a sister who is going to the same school she wants to attend which is Cal State Fullerton. However her sister does not receive financial aid.</p>

5

<p>My family has a higher income than that and I am definitely eligible for financial aid.</p>

6

<p>With 2 in school at the same time they may both be eligible for more aid. When there are 2 in school at the same time the parent part of the expected family contribution is divided between them.</p>