FAFSA determines how much a student must contribute each year to the college tuition, how much financial aid they are eligible for, and how it provides the students with a clear understanding of what to expect from each type of assistance they receive. With that said, we are able to provide an eagle eye perspective on how much you may expect to receive based on your family income.
The average federal assistance received for a student with a family income ranging from $0-$30,000 is $ 11517, while a student with a family income ranging from $ 30,001-$48,000 is $10,833. The student has a family income ranging from $48,001-$75,000; the average federal aid received by them is $9,838. With that said, the student with an annual income ranging from $75,001-$110,000 the average federal aid is around $4,227. The student has an annual income level of over $110,000; the average amount of federal aid provided is $5,448.