What is the maximum income to qualify for financial aid?

A student’s eligibility for need-based financial aid is determined by a simple need analysis formula that subtracts the student’s expected family contribution (EFC) from a college’s total cost of attendance to determine financial need (cost of attendance – EFC = financial need). read more

Federal student aid does not have any explicit income cutoffs on need-based aid eligibility. The number of children in college can have a big impact on aid eligibility. The Free Application for Federal Student Aid (FAFSA) is used to calculate the Expected Family Contribution (EFC). read more

The simple answer to that question is "no" -- there is not a set maximum income level at which a family will be disqualified for financial aid consideration. read more