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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:

2014 Poverty Guidelines of the 48 contiguous states and the District of Columbia

Family Size (includes parents and dependents) 

Income Level 

$23,340

$31,460

$39,580

$47,700

$55,820

$63,940

7

$72,060

8

$80,180

 

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Page Updated 01/31/2014