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What is the income limit for the FAFSA 2023 2024?

To qualify for a zero EFC on the 2023-2024 FAFSA, a family with dependent students cant make more than $29,000 annually.

How much money can my parents make and still get FAFSA?

There is no set income limit for eligibility to qualify for financial aid through. Youll need to fill out the FAFSA every year to see what you qualify for at your college. Its important to make sure you fill out the FAFSA as quickly as possible once it opens for the following school year.

What financial information is needed for FAFSA?

Your Social Security Number. Your Alien Registration Number (if you are not a U.S. citizen) Your federal income tax returns, W-2s, and other records of money earned. (Note: You may be able to transfer your federal tax return information into your FAFSA using the IRS Data Retrieval Tool.)

Why is it necessary to include your familys income and tax information on FAFSA application?

As a dependent student, youre assumed to have parental support, so your parents information has to be assessed along with yours to get a full picture of your familys financial strength and calculate your Expected Family Contribution.