How much does my financial aid change if i decide to work?
Written By: aaren on November 9, 2009
2 Comments
Right now i have about ,000 including loans to pay for my Cal state college. Whether i work part-time or full-time, how much money should i expect to lose on my financial aid?
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First of all, it won’t affect your aid until you file taxes, so if you started working now, it would only affect your 2008-2009 loans, which are based on 2007 income. If you want to see how much it’ll affect it, many sites have Expected Family Contribution calculators, I believe you can find one at fafsa’s site or various finaid help sites. That will give you a number which will say how much they’d expect you to pay, and by subtracting that from what you get now, you’ll know.
Working will not affect your existing financial aid until you file taxes fill a new fafsa for financial aid for another term. Then it is likely to decrease because you’ll be able to pay for some of your college tuition. But not to worry, it’s not usually a huge change except you’ll be getting a really high paying job.