The adjusted available income is the income that you have after you deduct the taxes you must pay and a certain allowance for living expenses.

When applying for loans, grants, or other financial aid for education, your eligibility will be determined based on your adjusted available income, not your gross income. This is why many people who do not think they will qualify for financial aid end up receiving it. This is also why everyone who needs help with college should file a FAFSA document, which determines their eligibility for financial aid. Many students are surprised to learn that they qualify for financial aid, which may allow them to pursue an education that they did not think they could afford. So, if you need help paying for your college education, do not assume that your adjusted available income will not qualify, until you have applied for the help by filing your FAFSA.

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