Financial aid eligibility is determined by, (information reported on the Free Application for Student Aid (FAFSA) application) the dependency status of the student, the income earned from the previous year, certain untaxed income, assets, the number of persons in the household, and the number of persons who will be attending college. The federal processor applies a formula to reported information to determine a student’s 

Additional information may be obtained from the U.S. Department of Education's Web site at www.ed.gov.