Fed Financial
Financial Aid..?
Ok, so I work about 20 hours a week on a $9 an hour salary (which is a joke). I am going to get my W-2 soon, but I was wondering more about the whole financial aid issue. I received a 2007-2008 financial aid reward (Pel/Cal Grant) of about $1500 per quarter, which is enough to cover my tuition and barely a couple hundred extra that I usually pay for books with. The previous year, 2006-2007, I received a lot more than that amount since I didn't record my income, which helped me out a lot. The 2007-2008 year was less because I entered into the application that I received a certain income throughout the year, but that I was also dependent. I'm afraid that they won't grant me the amount that I need to pay for tuition and books for 2008-2009, since I am working. Do I HAVE to mention my salary? I don't know if it's considered as anything, because what I make just makes up for gas, cell phone bills, doc's visits, etc. What'll happen if I don't enter my salary on the application? Pls help!
Public Comments
- You have to record your adjusted gross income that you report on your 2007 taxes on the FAFSA (is this the application you are talking about?). So yeah, you do have to report your income. If you dont enter in your salaray on your taxes, that will be bad, and if you dont enter in your AGI on the fafsa, it wont be complete. You could try taking out stafford loans.
