ic S/general/checkmark circled Thanks for subscribing! Be on the lookout for our next newsletter.
ic S/general/checkmark circled Saved to Favorites.
Articles / Paying for College / Will Financial Aid Affect SSI?

Feb. 6, 2010

Will Financial Aid Affect SSI?

Question: I receive SSI (Supplementary Security Income). If I get scholarships or loans for college, will that affect my SSI?

Your college grants and loans should not affect your SSI, but when you apply for need-based financial aid, your SSI will be counted as income. However, SSI is typically low enough that it doesn't make a student ineligible for need-based aid.


Will your SSI continue after age 18? If not, be sure to alert the financial aid office at the college you will attend (or at all schools to which you're applying, if you're about to turn 18 and lose SSI) so that it won't be counted as an ongoing source of income.

Written by

Sally Rubenstone

Sally Rubenstone

Sally Rubenstone knows the competitive and often convoluted college admission process inside out: From the first time the topic of college comes up at the dinner table until the last duffel bag is unloaded on a dorm room floor. She is the co-author of Panicked Parents' Guide to College Admissions; The Transfer Student's Guide to Changing Colleges and The International Student's Guide to Going to College in America. Sally has appeared on NBC's Today program and has been quoted in countless publications, including The New York Times, The Washington Post, USA Weekend, USA Today, U.S. News & World Report, Newsweek, People and Seventeen. Sally has viewed the admissions world from many angles: As a Smith College admission counselor for 15 years, an independent college counselor serving students from a wide range of backgrounds and the author of College Confidential's "Ask the Dean" column. She also taught language arts, social studies, study skills and test preparation in 10 schools, including American international schools in London, Paris, Geneva, Athens and Tel Aviv. As senior advisor to College Confidential since 2002, Sally has helped hundreds of students and parents navigate the college admissions maze. In 2008, she co-founded College Karma, a private college consulting firm, with her College Confidential colleague Dave Berry, and she continues to serve as a College Confidential advisor. Sally and her husband, Chris Petrides, became first-time parents in 1997 at the ripe-old age of 45. So Sally was nearly an official senior citizen when her son Jack began the college selection process, and when she was finally able to practice what she had preached for more than three decades.

More on Paying for College

5 FAFSA Tips for Applicants With Divorced Parents

5 FAFSA Tips for Applicants With Divorced Parents

Completing your Free Application for Federal Student Aid (FAFSA) can be complicated enough, but when you add divorced parents, st…

Webinar Recap: FAFSA and Paying for College 101

FAFSA and Paying for College 101

The Free Application for Federal Student Aid (FAFSA) for the 2022-2021 academic year opens next week, on October 1, 2021.

For coll…

Is National Merit as Big a Deal as My Parents Say It Is?

Is Being a National Merit Finalist a Big Deal?

I just got back my PSAT scores and it appears I didn't meet the National Merit cutoff. My parents want to appeal because Nat…

Students sitting around a table

Best Deals for Students on Laptops for College

It’s back-to-school shopping time, and college students are on the lookout for deals on the best laptops and electronics for scho…

amol-tyagi-UZFCQPNc4bs-unsplash.jpg

Money Savings Strategies For College Students, Plus Apps To Keep You On Track


College life is expensive. Between tuition, housing, books, and everyday purchases, it’s easy for costs to pile up if you’re not …

A-Z College Forums

Browse the College Forums
C1E9D4E7-C4C9-4B28-8946-8F441A6D62B3

Find Your Best Fit

Find your best fit college and track your favorite colleges.