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Educational funding for 24-Year-Old time for class?
Question: I will be 24 years and want to be in college in 2010. I made a yearly earnings of $25,000. Am I going to be eligible for financial aid of $12,000?
At age 24, you will end up considered an "Independent Student," meaning that colleges can look at only your income along with other superiorpapers com money and certainly will maybe not consist of those of one's parents. For most 24-year-olds, this will be good news, they will qualify for far more financial aid than if the parents' figures were included in the aid calculation since it usually means.
Your annual earnings of $25,000 should mean that your EFC (Expected household Contribution) will superior papers be low and that you will be eligible for a school funding in order to make up the distinction in the middle of your share and the price of your training.
You'll calculate your EFC simply by using a calculator that is online as this 1: http://apps.collegeboard.com/fincalc/efc_welcome.jsp make sure to check both "Federal' and "Institutional" methodology in the questionnaire because this may mirror the varying methods the colleges in your list may figure out your monetary need.
If you know already where you are applying, check to see in the event your college requires just the FAFSA kind or additionally superiorpapers the CSS Profile form. Should your college does NOT require the Profile, then a "Federal Methodology" EFC will apply to you. Then the "Institutional Methodology" EFC superiorpapers will be a reasonable approximation of what you will be expected to pay if your college DOES require the Profile.