Fed Financial
financial aid?
I recently got a job and earning less than 40k. I currently go to college and am receiving financial aid and pell grant. my question is.... will financial aid drop me next semester because i obtained a job? also if i open a CD account at a bank would they know how much i have in there and drop my financial aid at that point as well? please help..
Public Comments
- Your level of financial assistance from your college this year is based on the FAFSA that you completed which looks at your earnings from 2005. When you complete your FAFSA for the 2007-2008 academic year, it will be based on your earnings from 2006. So, depending on when you started your new job, your financial aid may not change until the 2008-2009 academic year, when you complete the FAFSA with your 2007 earnings. The financial aid office bases your financial aid package solely on the information from the FAFSA and any other forms that they may require.
