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The amount also differs depending on your family size and whether you are an independent student (living on your own or supported by a spouse) or a dependent student (supported by parents). For the 2023-2024 FAFSA, up to $7,600 of a dependent students income is protected and thus not considered in the EFC.
Youll be considered provisionally independent and will be allowed to fill out the FAFSA form as an independent student if you indicate that you are unaccompanied and homeless or at risk of being homeless on the FAFSA form for the first time and you dont have a determination from an individual at an eligible agency.
For the 202425 Free Application for Federal Student Aid (FAFSA) form, an independent student is one of the following: born before Jan. 1, 2001. married (and not separated) a graduate or professional student. a veteran. a member of the U.S. armed forces. an orphan. a ward of the court. a current or former foster youth.
For the purposes of the FAFSA, you are considered an independent student if you are at least one of the following: Age 24 or older as of December 31 of the award year. A graduate or professional student. Married.
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.

People also ask

Parent PLUS Loan Eligibility Parent PLUS Loans are available only to the parents of dependent undergraduate students. The parents of independent undergraduate students are not eligible for the Parent PLUS Loan.
Dont worry, this is a common question for many students. The good news is that the Department of Education doesnt have an official income cutoff to qualify for federal financial aid. So, even if you think your parents income is too high, its still worth applying (plus, its free to apply).

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