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Technically, no income is too high for the FAFSA. The U.S. Department of Education recommends filling out the FAFSA yearly, regardless of income. However because FAFSA is needs-based aid, those from lower-income families with a greater financial need get access to more financial aid.
Is $100,000 too much for FAFSA?
A common myth is that students from high-income families wont qualify for FAFSA funding. In reality, theres no maximum income cap that determines your eligibility for aid. Although your earnings are a factor on the FAFSA, only some programs are based on need.
At what point does FAFSA stop using parents income?
You can only qualify as an independent student on the FAFSA if you are at least 24 years of age, married, on active duty in the U.S. Armed Forces, financially supporting dependent children, an orphan (both parents deceased), a ward of the court, or an emancipated minor.
What is the #1 most common FAFSA mistake?
call the Federal Student Aid Information Center (FSAIC) at 1-800-433-3243.
How do I talk to the financial aid office?
FSAIC responds to inquiries from a variety of communication channels, including phone calls to 1-800-4-FED-AID, live online help (chat), email.
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Yes, you can still apply for FAFSA (Free Application for Federal Student Aid) even if your parents have a high income. Here are a few important points to consider: Its always a good idea to fill out the FAFSA to see what aid you may qualify for, regardless of your familys financial situation.
Do parents who make $120000 still qualify for FAFSA?
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.
Related links
Ethical College Admissions: Financial Aid Transparency
Jul 23, 2018 The report, Decoding the Cost of College: The Case for Transparent Financial Aid Award Letters, analyzed thousands of financial aid award
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