You can find out what your expected family contribution might be by using the calculator at collegeboard.com:
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http://apps.collegeboard.com/fincalc/efc_welcome.jsp
Another significant factor is that if the parent or guardian claims the student as a dependent on income tax returns, this effects the amount of aid available to the student. In general, a student who is 'independent' of the parents as far as the tax law goes, will receive more in financial aid awards.
First year students may find that they receive fewer grant awards than they expected. However students who are sophomores, juniors or seniors are more likely to get more grant awards. No matter what year of school you are in, complete the FAFSA every year so that you will be considered for available grants.
About The Author
Michael Carter is a contributor at College Financial Aid Guide, an online informational resource for educational funding, scholarships and student loans. Learn more ways to get money for college at: http://www.collegefinancialaidguide.com.
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.