Educational funding for 24-Year-Old Returning to School?
Question: I am 24 years and desire to be in university this season. I made a yearly earnings of $25,000. Will I qualify for financial aid of $12,000?
At age 24, you will superiorpapers com review be considered an “separate Student,” meaning that universities will appear of them costing only your income as well as other financial resources and will perhaps not consist of those of your 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 yearly earnings of $25,000 should mean that your EFC (Expected household share) is low and that you’ll be eligible for a financial aid to make the difference up between your contribution therefore the cost of your superior papers com education.
You can calculate your EFC using a loan calculator such as that one: http://apps.collegeboard.com/fincalc/efc_welcome.jsp make sure to check always both “Federal’ and “Institutional” methodology on the questionnaire because this will mirror the varying methods the universities in your list may determine your monetary need.
In the event that you already know just where you’re applying, check to see if the university requires only the FAFSA kind or additionally the CSS Profile form. Then the “Federal Methodology” EFC will apply to you if your college does NOT superior papers require the Profile. Then the “Institutional Methodology” EFC will be a reasonable approximation of what you will be expected to pay if your college DOES require the Profile. Continue reading