I have been working for a company for the past year and obtained an income substantially good, but still below 10 grand, seeing as I am a full time student. The question I have is regarding my eligibility for financial aid, because of my income combined with my parents, will the colleges (preferably the UC’s) deduct from my financial aid? I heard that for every two dollars you make after 00, a dollar is deducted from your aid. Is this true? Confirm/Deny?
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My husband made around $30K last year but we have two kids and are married. I got a full Pell Grant to pay for my tuition and a student loan for books, etc. If your income was combined with theirs and it would equal around $30K-$35, you may get full paid tuition. You never said how much they made so it’s hard to say. Just apply and combine yours and your parent’s income and see what happens. That’s about all you can do. It varies depending on the income and people living in the home, etc. I’m not sure about the whole ‘two dollars over $3000 thing. I’ve never heard of that. All I’ve ever done is apply with the information I had.