Student: On your Student Aid Report you stated income that is unusually low for year 2002 (less than-2025

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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.
Some of the most common FAFSA errors are: Forgetting to sign and date: If youre filling out the paper FAFSA, be sure to sign it. Sending in a copy of your income tax returns: You do not need to include a copy of your tax returns with your FAFSA.
Assets that are not counted by FAFSA when determining your SAI include: 401(k) and Roth and traditional IRA accounts (though withdrawals from Roth IRA accounts will be counted as untaxed income) Cash values of whole life insurance policies and qualified annuities. SIMPLE, KEOGH, and pension plans.
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