So when I filed my FAFSA my EFC was 0. My mother makes 25,000-30,000 a year and I qualified for the full Pell Grant and the full supplemental grant. I start college at my local community in the fall. I start working in a week at Mcdonalds. Will my federal aid go down? What can I do to avoid that? Any other information you can give me?
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It might when you apply for the fafsa the following year; however, it’s likely that you’ll earn more working than what you might lose (i.e. – you might earn $7,000 working part-time this year and might only lose $4,000 in grant money). You can play around with an efc calculator (with your expected earnings) to see how your aid might be affected. Your federal aid that you were awarded for 2010-2011 will not be affected because it was based off of 2009 income. Your aid for 2011-2012 may change (or it may not), but you won’t know until you file.