Definition of "Economically Disadvantaged" - (Question on Page 3 of the Institutional Aid/Private Educational Loan Application) is someone who comes from a family with an annual income below a level which is based on low-income thresholds according to family size published by the U.S. Bureau of the Census, adjusted annually for changes in the Consumer Price Index. The following income levels determine what constitutes a low-income family for determining economically disadvantaged students:
2013 Poverty Guidelines of the 48 contiguous states and the District of Columbia
Family Size (includes parents and dependents)
Income Level
1
$11,490
2
$15,510
3
$19,530
4
$23,550
5
$27,570
6
$31,590
7
$35,610
8
$39,630