1L summer salary relevant for financial aid?

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Anonymous User
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1L summer salary relevant for financial aid?

Postby Anonymous User » Mon Jul 01, 2013 6:38 pm

So my financial aid office is asking me salary for the summer. My question is - why is this relevant if its not on my tax returns (obviously), and will it affect my financial aid award? Is this normal for the financial aid office to inquire about this? I most definitely do not want that money to go to tuition but to put in savings (because I currently have none). What should I do? I am really worried that it will cut back my financial aid award and I don't want that to happen. I expect to earn around ~5,000, after paying rent and everything.

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Joe Quincy
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Joined: Thu May 16, 2013 10:42 am

Re: 1L summer salary relevant for financial aid?

Postby Joe Quincy » Mon Jul 01, 2013 6:50 pm

Are you getting need-based aid? If so, it seems relevant to me because less need. If only merit aid, I'd ask them why they need and how they intend to use that information. No matter what it shouldn't affect your loan eligibility...unless its paid by the school and you fall under some weird work/study rules or something.

09042014
Posts: 18282
Joined: Wed Oct 14, 2009 10:47 pm

Re: 1L summer salary relevant for financial aid?

Postby 09042014 » Mon Jul 01, 2013 7:02 pm

Anonymous User wrote:So my financial aid office is asking me salary for the summer. My question is - why is this relevant if its not on my tax returns (obviously), and will it affect my financial aid award? Is this normal for the financial aid office to inquire about this? I most definitely do not want that money to go to tuition but to put in savings (because I currently have none). What should I do? I am really worried that it will cut back my financial aid award and I don't want that to happen. I expect to earn around ~5,000, after paying rent and everything.



Yep, and it should. What do you think need based financial aid is for.

mr.hands
Posts: 892
Joined: Fri Jul 13, 2012 4:23 pm

Re: 1L summer salary relevant for financial aid?

Postby mr.hands » Mon Jul 01, 2013 8:09 pm

Anonymous User wrote:So my financial aid office is asking me salary for the summer. My question is - why is this relevant if its not on my tax returns (obviously), and will it affect my financial aid award? Is this normal for the financial aid office to inquire about this? I most definitely do not want that money to go to tuition but to put in savings (because I currently have none). What should I do? I am really worried that it will cut back my financial aid award and I don't want that to happen. I expect to earn around ~5,000, after paying rent and everything.


Lol yes. if you have need based aid and made money you now have less need.

they know you have a paying SA job so that's why theyre asking




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