How much money can I make before it affects my financial aid?
Solomon M asked:
I’m an incoming freshman this year, and I just got an administrative assistant position at a hospital on Saturdays. I’ll be going to school full-time, but I plan on working through the week during the summer. How much money can I legally make without it affecting my financial aid package? Is there a certain amount of money you can make and not have to file taxes?
I’m an incoming freshman this year, and I just got an administrative assistant position at a hospital on Saturdays. I’ll be going to school full-time, but I plan on working through the week during the summer. How much money can I legally make without it affecting my financial aid package? Is there a certain amount of money you can make and not have to file taxes?
April 24th, 2010 at 10:20 am
Check with the financial aid advisers at your college, they should be able to answer all your questions!!!
April 27th, 2010 at 4:16 am
You do not have to file taxes as long as u made under $8000.
There is no set amount of $ that u can earn that will cut off your financial aid. Many factors are taken into account other than salary when determining financial aid eligibility (ie- how many people are in the home, the cost of the school, etc. not to mention your parents income).
I always suggest that students work and save as it is a much more predictable source of money for school than just hoping you’ll get something from financial aid.
April 30th, 2010 at 10:47 am
FAFSA has a site where u can “forecast” the amount of financial aid you will receive, i’m sure you can test it out with different figures
April 30th, 2010 at 6:16 pm
For scholarship or financial aid questions, I just tell my friends to visit and take a look around.Its great starting point with a few great sources of aid.
May 1st, 2010 at 3:45 am
Ive heard its 6,000 for financial aid before it begins to affect the aid you could receive. As far as taxes go, you need to file always, but I made 3,500 as a soph in highschool and never filed-I was told that they wouldnt have taken anything because I made too little-So I guess you could make so little that you dont need to file, but if you do (which would be in your best interest) you would get a complete refund, even if thats only 50 bucks, thats worth filing your taxes.
I’ve found some good information here…
Good Luck.
May 3rd, 2010 at 10:49 am
education.mypressonline.com - it has detailed info how to apply for financial aid and scholarships to get more cash.
May 5th, 2010 at 8:14 am
you can see read article in for this I hope this will be resolving your problem.