How much money can you earn during the Summer before it impacts your financial aid?Answered
I want to work in the Summer to pay the minimum of my student loans. I'm worried about earning too much that my college suddenly thinks I can pay for more of my education, as I've heard happened to some people resulting in them needing to take out more loans. I can't find a concrete estimate as it looks like it varies per year and when I google it random websites come up.
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1 answer
Hi @Melokenzie,
Most jobs available to a high school student will not pay enough to change a student's financial aid calculations. Even if they did (which would take upwards of $10,000), a college would see that it came from a summer job and know that revenue stream won't be the same when you're a full-time student.
If you want a clearer idea of how much financial aid you'd qualify for at each school (and therefore how much it would cost to attend), I'd recommend checking out CollegeVine's Financial Aid Calculator. It'll give you estimates for each school based on your family's income, which should give you a better idea of where you stand. You can find the calculator here:
https://www.collegevine.com/financial-aid-calculator
Hope that helps! Let me know if you have any more questions.
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