The Free Application for Federal Student Aid (FAFSA) is important for American students seeking financial assistance for higher education.
But what if you’re considering going back to school later in life? The good news is, there’s no upper age limit to apply for FAFSA and receive federal student aid.
FAFSA Age Requirements
There is no age restriction on who can apply for the FAFSA.
Whether you’re a recent high school graduate or a seasoned professional returning to school, you are welcome to submit a FAFSA application.
This applies to all federal student aid programs, including grants, work-study opportunities, and federal student loans.
However, it’s important to understand that your age can impact how you fill out the FAFSA form.
The main factor is your dependency status.
- Dependent Students: Generally, students under the age of 24 on December 31st of the award year are considered dependent on their parents’ financial information for FAFSA purposes. This means you will need to include your parent or legal guardian’s financial information on your FAFSA application.
- Independent Students: Students who are 24 or older on December 31st of the award year are considered independent. You will only need to provide your own financial information on your FAFSA application.
Does FAFSA Have an Age Limit?
As we’ve established, there is no age limit for filing a FAFSA application.
Many adult students find themselves pursuing higher education for career advancement, personal fulfillment, or a complete career change.
The FAFSA is designed to support students of all ages in achieving their academic goals.
Does the FAFSA Have Any Income Limits?
The FAFSA does not have specific income cut-offs for eligibility.
However, the Expected Family Contribution (EFC) is calculated based on your financial information and that of your parents (if you are dependent).
Your EFC essentially determines how much financial aid you are eligible to receive.
Students with a lower EFC will generally qualify for more grant aid, while those with a higher EFC may be offered more loans.
Can You Get Federal Student Aid with Low or No Credit?
Your credit score does not directly affect your FAFSA eligibility or the amount of federal student aid you may receive.
The FAFSA and Expected Family Contribution (EFC) calculation focus on income and assets, not credit history.
However, private student loans may consider your credit score when determining your eligibility and interest rates.
Building a good credit history can be beneficial if you choose to explore this option alongside federal student aid.