Always remember that the income of your parents has an impact on the amount of financial aid you receive, but this is not the only factor that is taken into account. For instance, factors like the number of family members in college or the size of a family can also vouch in favor of the amount for your financial aid.
Whenever you suspect that your family’s income can significantly lower your financial aid amount, do not hesitate to talk to the school’s financial aid office to clarify any information required. Besides that, when knowing that your family income looks quite impressive on paper and in reality it is not that big, sit down with your parents and discuss where all the earned money go. Some families have large medical bills to pay, others perform great charity work, for example. Such exceptional circumstances do not have a special place on the FAFSA application form, but they do impact a family’s ability to pay the college tuition. Hence do not hesitate to inform your school about them, so they are included in the calculations of your financial aid.
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