Will my financial aid be reduced?

Paying for College
1

I am a rising junior at a state university and for the past 2 years I have received enough financial aid. However, my mother got a new job last year and is making more money. Not significantly more, but enough that we’re worried about how it will affect my aid. I’ve filed my fafsa and we are waiting to hear back, but does anyone have experience with this? Although my mom is making more it isn’t enough to contribute more to me (she is in school herself) and I can’t afford to have my aid reduced

2

What was your EFC last year and what is it this year? What are the components of the aid you have received in the past?

3

Last year I received about 9k per semester in grants and subsidized/unsubsidized loans, and we paid 4k a semester up front

4

You didn’t give your EFCs and we would need to know what kind of grants. If part or all of the grants were Pell or state grants an increase in EFC would reduce or eliminate the Pell and could affect state grants.

Here’s the Pell grant schedule for 2015-2016 by EFC, COA and enrollment status.

http://www.ifap.ed.gov/dpcletters/attachments/GEN1502Attach.pdf