“Total Family Income” refers to the combined income reported on the Free Application for Federal Student Aid (FAFSA) for the people whose financial information is required on the form. Who is included depends on whether the student is considered dependent or independent for financial aid purposes.
For dependent students:
Total family income includes the income reported for:
- The student, and
- The student’s parent(s) whose financial information is required on the FAFSA (including a stepparent, if applicable).
For independent students:
Total family income includes the income reported for:
- The student, and
- The student’s spouse, if the student is married.
Income amounts are generally based on the federal tax information imported or reported on the FAFSA for the applicable tax year.
If you have questions about which parent or household members must be included, visit the FAFSA instructions or contact the Office of Financial Aid at financial.aid@aims.edu or call (970) 339-6548.