What are the income guidelines for federal education grants and loans?
93020
Go to http://www.fafsa.ed.gov/ and check the FAQ's. If the info you need isn't there, use the contact us link at that website.
151304
refer v.k.singhania's students' guide to income tax\na.y-2006-07
350475
The best thing is contact your schools fin. aid office. That way they can tell you what the status of your grants and loans are.
20637
Grants depend on finacial need including factors such as your assets, and how much school will cost. \n\nThe best way to find out what you are eligible for is to complete the Free Application for Federal Student Aid.  You can complete this online at the link below. \n\nThe report will be forwarded to the financial aid administrator at the colleges you select and they will tell you about grants, and other types of aid for which you're eligigle. \n\nGood luck!
978279
I do not know exactly what you question is but here it is:\nAverage income depends on the college or university.\nThere is several financial aids for students that needs it.\nThere is part time jobs for students.\nThere is low interest loans for students that they can pay after graduation. \nParents can get a loan on their home.\n\nHope this help.
359827
This all assumes that you lived in the US when you made the $38,000.\n\nIf the $38,000 was not self-employment income then you would use the tax tables located at http://www.irs.gov/pub/irs-pdf/i1040.pdf (pages 65-76).\n\nThese tables would give a tax on $38,000 of $6,171 if filing as a single person or $4,974 if filing as a married person filing jointly.  \n\nHowever, I think you're talking about gross income of $38000.  \n\nThis amount would be limited by $5000 of a standard deduction if filing single or $10,000 if the filing status was married filing jointly.  \n\nDepending on your financial actions during the year, you may have more deductions than the $10,000 (see http://www.irs.gov/pub/irs-pdf/f1040sab.pdf for examples of deductions that could bring you over the standard deduction).  \n\nYour income would also be limited again by an exemption of $3,200 per person that lived with you in the U.S.  \n\nLet's say you were married with 2 children.  This means that your taxable income would be 38K - 10K standard deduction - (3200*4 exemptions) = $15,200.  The tax on $15,200 would be $1,554 for someone filing MFJ, and your withholding from income would most likely cover that (and more).  \n\nIf the total of your withholding and refundable credits (shown on Form 1040, lines 64-70) are greater than the total amount of tax, then you receive a refund from the government, which is what most people in the US think is there right as a taxpayer. :)  \n\nIn reality, a refund is an interest-free loan to the U.S. government.  \n\nIf you need any more information on the US tax code, you may contact me at CPA@RefundAccounting.com.  You could also set up an online meeting with me through that email, and we can go over any particular issues you may have.
568637
The general rule of thumb is that your monthly student loan payment should not exceed 8-10% of your monthly income.  Try the loan repayment calculator of FinAid.org; it allows you to punch in your debt and receive both a report of your monthly payment AND the annual salary required to comfortably make that payment: http://www.finaid.org/calculators/loanpayments.phtml\n\nA lot of people will tell you "none," but these days debt is sort of a fact of life... car loans, mortgages, credit cards.... These types of monthly payments are things that we simply accept because of a certain lifestyle that we choose to live.  I would hope that students would place their college education at *least* as high-priority as a car.\n\nThat said, the average U.S. undergraduate student graduates with roughly $19,000 in debt, so if your aggregate debt is somewhere around there, you'll probably manage just fine.\n\nIf it looks like you'll end up graduating with more than that, it's really up to you to determine how much is too much for YOU.  Take a realistic look at the career prospects of people with your degree in your major -- how much do other graduates in your field make?  If it isn't much, take a look at *yourself* and ask whether a few years of modest living is worth the long-term benefits of having followed your dreams.  Perhaps you aren't opposed to the thought of taking an unrelated job while you gain the experience and financial resources necessary to wholeheartedly pursue the career that you studied for.\n\nDon't forget that there is a lot of solid data to support the fact that college graduates earn a lot more over the course of their lifetime than those without degree.  \n\nAll this said, there's no reason not to apply for as many scholarships as you can.  Try any of these: http://www.finaid.org/scholarships/other.phtml
1065810
dont try grant.com\n\ngo to www.govbenefits.gov\n\nthey have like a questionnaire tool to match you to the grants,loans, benefits, etc that  you are eligible for
517197
FedMoney.org is the most comprehensive FREE full-text online resource on all U.S. government grants and student financial aid programs. Here you will find detailed and up-to-date information about \n(1) who can apply,\n (2) how to apply, \n(3) full contact info, and much more...\n for over 130 government grants and loans (scholarships, fellowships, traineeships) related to education!
786806
It depends on your income and any savings you have.\n\nHere's a link to the government website that explains the rules and how to apply.
280733
Go to www.fafsa.ed.gov. If you are a single mother you will brobally have a low enouth EFC(expected family contribution) to receive the entire PELL grant which is 4025 a year when attending full time.
17503
Loans must be repaid.  Grants do not require repayment.   \n\nThe best start is to complete a Free Application for Federal Student Aid available from the website below. \n\nYou can also speak with the financial aid professionals at the schools you are considering.
740691
The general rule of thumb is monthly house payment (principal, interest, insurance and taxes) should be no more than 28% of gross income and total monthly debt payments should be no more than 36% of gross income.\n\nPS.  FYI I work for one of the largest mortgage companies in the US and we use this formula along with other considerations.
40599
If it is a public institution, go to the library and request the salary book, they are required to have it. Otherwise check http://www.chronicle.com/ and see their data section for average pay based on institution.
443113
This page lists income standards:\nhttp://dfsweb.state.wy.us/STATEPLN/medincome.html\n\nwhich I accessed from this web page:\nhttp://dfsweb.state.wy.us/programlisting.html\n\nI hope this helps, and wish you the best of luck!
286514
There are grants for everything!  You just gotta know where to look, how to apply, and meet the special qualifications. \n\nDon't waste your money on any of those Free Federal Grants books, programs, or any of that stuff.  \n\nThe same information is in the link below.\n\nAnd I'm only gonna charge you $5!  What a deal!
810249
students loans and grants are generally based on how much one earned the last income tax periodso the less you earned, the more they are likely to loan and grant you\n\nsince both periods are based on 2005 income tax, they should be the same amount