What Are the Three Eligibility Requirements for FAFSA?

To be eligible for financial aid under FAFSA you must show financial need, have U.S. citizenship or be an eligible non-citizen, and be enrolled in a qualified school program.

What Is the Maximum Income to Qualify for FAFSA?

There is no income limit for the FAFSA so you should apply regardless of your family’s income level. Federal aid is based on need, so if you do have a higher income, you may not qualify for certain grants or student loans.

How Far Back Does FAFSA Look at Income?

You and/or your contributors must provide income for the past two years, which is found on the tax information directly submitted by the IRS.

For Cosigners Archives - Ascent Funding

The Forward Fund, NCAHEC and Ascent Funding Partner to Tackle North Carolina’s RN Shortage

May 12, 2025 | By: Ascent
Categories: Blog, For College Students, For Cosigners, For Schools, For Students, In the Press

North Carolina’s nursing shortage is projected to reach nearly 12,500 by 2033. To address this shortage, The Forward Fund (TFF)… Read More

Cheerful female nursing students smiles as she listens to a professor's lecture.

Navigating Education Evolution: An Ask Me Anything session with Ascent’s CEO Ken Ruggiero

Apr 22, 2025 | By: Jazmin Chen
Categories: Blog, For Bootcamps, For College Students, For Cosigners, For High School Students

Education is always evolving, and keeping track of the changes can be overwhelming. From critical FAFSA updates to new Department… Read More

Do You Need a Cosigner for Student Loans?

May 28, 2025 | By: Ascent
Categories: Blog, For Cosigners, For Students

Not sure if you need a cosigner for your student loans? Learn more about the different factors you should consider… Read More

What is a Cosigner for a Student Loan?

May 28, 2025 | By: Ascent
Categories: Blog, For Cosigners, For Parents and Cosigners

A cosigner is someone who takes legal responsibility for a loan in addition to the primary borrower. Learn more about… Read More

Mother and daughter embrace at college graduation

Does Cosigning a Student Loan Affect My Credit?

May 28, 2025 | By: Ascent
Categories: Blog, For College Students, For Cosigners, For Parents and Cosigners

The Credit Impact To Cosigning a Student Loan If you’re wondering how cosigning a student loan affects credit, the answer… Read More

The Pros and Cons of Cosigning a Student Loan

Apr 10, 2025 | By: Ascent
Categories: Blog, For Cosigners, For Parents and Cosigners

Weighing the pros and cons of becoming a student loan cosigner? Learn about the benefits and potential risks of being… Read More

How to Remove a Cosigner from a Student Loan

Apr 10, 2025 | By: Ascent
Categories: Blog, For Cosigners, For Parents and Cosigners, For Students

Although cosigners can be beneficial, you should know how to remove them from a student loan. Learn how to remove… Read More

EFC Meaning: What Happened to EFC?

May 28, 2025 | By: Ascent
Categories: Blog, For Cosigners

Learn about Expected Family Contribution (EFC), now called the Student Aid Index (SAI), and its role in determining financial aid… Read More

Mother and daughter doing finances together at home

Subsidized vs. Unsubsidized Student Loans: What’s the Difference?

May 28, 2025 | By: Ascent
Categories: Blog, For College Students, For Cosigners, For Parents and Cosigners, For Students

Subsidized and unsubsidized loans are part of the federal direct loan program and offer students various loan options. Learn more. Read More

FAFSA Eligibility: Who Qualifies and Income Limits

May 28, 2025 | By: Ascent
Categories: Blog, For College Students, For Cosigners, For Grad Students, For Parents and Cosigners, For Schools, For Students

Wondering if you qualify for federal financial aid? Learn more about the eligibility requirements while submitting your Free Application for… Read More