To be eligible to receive federal student aid, you must:

1. Be a citizen or eligible noncitizen of the United States.
2. Have a valid Social Security Number.
3. Be enrolled in an eligible program as a regular student seeking a degree or certificate.
4. Maintain satisfactory academic progress.

What is the maximum amount of financial aid a student can receive?

If you are an undergraduate, the maximum amount of Direct Subsidized and Direct Unsubsidized Loans you can borrow each academic year is between $5,500 and $12,500, depending on your year in school and your dependency status (whether you are a dependent or independent student).

How much money can I make without affecting my financial aid?

Independent students, who don’t provide parent information on the FAFSA, can earn more before affecting their financial aid — $10,360 for single students and up to $16,620 for married students.

How much financial aid can I get for college?

You can’t receive more need-based aid than the amount of your financial need. For instance, if your COA is $16,000 and your EFC is 12000, your financial need is $4,000; so you aren’t eligible for more than $4,000 in need-based aid.

How much money will FAFSA give me?

You can’t receive more need-based aid than the amount of your financial need. For instance, if your COA is $16,000 and your EFC is 12000, your financial need is $4,000; so you aren’t eligible for more than $4,000 in need-based aid. The following are the need-based federal student aid programs: Federal Pell Grant.

How can I get financial aid for college?

Candidates must attend a school that participates in the Federal Perkins Loans program, and may be enrolled in an undergraduate, graduate or professional degree program. To obtain a Federal Perkins Loan, you must demonstrate financial need through the Free Application for Federal Student Aid (FAFSA).

What are the requirements for federal student aid?

Our general eligibility requirements include that you have financial need, are a U.S. citizen or eligible noncitizen, and are enrolled in an eligible degree or certificate program at your college or career school. There are more eligibility requirements you must meet to qualify for federal student aid.

Can you get the same amount of financial aid every year?

You may not qualify for the same amount of financial aid every year, but taking on a little more in student loans one year, or finding outside scholarships or work opportunities, can help you make up the difference.

Can you get financial aid if you have a bachelor’s degree?

Sometimes a person who has earned a bachelor’s degree decides to return to school to further her career or to re-train for a new career. Although you won’t qualify for certain grants if you already have a bachelor’s degree, you could still qualify for federal financial aid in the form of loans.