Financial Aid Eligibility
Table of Contents
Grants and loans
Eligibility for grants and federal student loan programs is determined by your family’s Student Aid Index (SAI) as determined by the FAFSA. The lower your SAI, the more financial aid you will receive. These are some of the major factors considered in determining your family’s SAI:
- Parents’ income (both taxable and non-taxable)
- Parents’ taxes paid
- Parents’ assets (exclude primary home and retirement accounts)
- Business/farm value (exclude family business or farm)
- Oldest parents’ age
- Size of family
- Number of siblings in college/university
- Your income and assets
Special circumstances
Have things we need to know when determining your financial aid award? File the Special Circumstances Form to tell us about:
- Income reduction
- Job loss
- Elementary or secondary school tuition
- High-cost-of-living
- Exceptional medical expenses
- Parents' cost to attend college/university
- Other extenuating circumstances