Been consistently below the income level shown for your family size and is not expected to substantially increase.
Family Size* Maximum Parental Income for 2007 Calendar Year
2 $22,900
3 $26,900
4 $30,900
5 $34,900
6 $38,900
7 $42,900
* If your family will support one or more siblings in college at the same time the applicant will be in college, add one to the family size number before determining if your family will be in college, add one to family size number before determining if your family income level qualifies. (For example, a family of four that will have another child in college at the same time the applicant will be in college should use the income level for a family size of five.)
OR
Your family’s income level has recently decreased due to change circumstances (e.g. death, divorce, illness etc.) and is expected to remain near this level during the entire duration of your college attendance
AND
Family assets: Your own and parents’ financial assets, including net business and farm assets, are less than $50,000. (The value of your family’s principal home and their official retirement plant assets are not counted.)