There actually is not a clear-cut income limit. The financial aid process looks at many different variables besides income to determine eligibility. The only way we know if you are eligible is if you complete a FAFSA (Free Application for Federal Student Aid).

No, there is no income cut-off for financial aid. While income is a factor when determining eligibility for need-based aid, there are other factors also taken into account, such as household size, number in college, and the age of the oldest parent. We strongly recommend that all students file for aid in order for their eligibility to be evaluated using all of the necessary information. See similar questions...

The loan is usually broken down into two disbursements, one for each semester. Each disbursement totals $8,972.50. The maximum you are eligible to borrow for an academic year is $18,500. See similar questions...

Generally, the maximum amount of financial aid is governed by the student's total need, the student's enrollment level, financial aid program rules and Clark College financial aid policies. The amount varies from student to student. See similar questions...

Upon being accepted by Admissions and paying a tuition deposit, a financial aid packet, (including online FAFSA information) is mailed out to the student along with "time lines" to assist you in planning. See similar questions...

Some FAFSA questions ask for "other untaxed" income described in worksheets A, and B on page 8. Untaxed income is income received that is not subject to U.S. income taxes and is required to be reported on the FAFSA. It includes Social Security and veterans benefits, welfare, child support, pensions, military subsistence allowance, etc. Even if you filed a tax return, complete the untaxed income worksheets A and B on page 8 and transfer the totals to the appropriate FAFSA line number. See similar questions...

Financial aid is characterized as either need based or non-need based. Our office determines if a student qualifies for aid that is based on need, i.e. the expected family contribution (student and/or parent contribution) is less than the cost of attendance at UCSB (estimated to be $25,067 in 2007-2008 for a California resident living in a UCSB residence hall). See similar questions...

Yes. Your maximum annual family income must not exceed 250% of poverty level. For example, to qualify, the current maximum allowed income for a single person household is $24,500 and $33,000 for a two-person household. These income guidelines are updated annually. To see a chart for larger families, visit the HealthyWoman Program here: http://www.dsf.health.state.pa.us/health/cwp/browse. See similar questions...

Yes. Students who receive financial aid must report portions of their financial aid as taxable income on their income tax returns. What must you include? Funds you receive (from scholarships, benefits, fellowships, and grants from the University of Florida or any other source) that, combined, exceed the cost of your tuition, fees, books, and required equipment and supplies. Income from Federal Pell Grants is counted; University of Florida loans and federal loans are not. See similar questions...

Yes, we can review (supplemental documentation required) the following areas: day care, medical/dental not covered by insurance, unusual/non-routine/emergency car repairs, required elective courses, and purchasing a computer. See similar questions...