Working & FAFSA

<p>I am currently EFC 0 and was wondering how my Spring/Summer internship might affect my 2013-2014 FAFSA. I project making around 6-7k this year. How will this affect my FAFSA?</p>

<p>And say I go over the limit (lets say by $1k), how would this affect my FA?</p>

<p>Thanks!</p>

<p>The financial aid office factors in a student’s income to the estimated family contribution. However, they also recognize that this can deter many students from working. As a result, the 2013-2014 year FAFSA will only factor in any income that you earned about $6,130 from last year.</p>

<p>Any income earned above this amount will be counted 50% towards your EFC, but this is based off of last year’s income. As a result, expect a slightly higher limit on this year’s income</p>