Will getting a settlement affect my financial aid eligibility?

[adin55]

Both my parents are on SSDI, Section-8 Housing, and Food Stamps.
Household of 3 live on less than 20K a year.
I have an EFC of 0, I'm approved for Pell Grant, Cal Grant B, & BOGW.

HOWEVER, My mother had total hip reconstructive surgery & was given the recalled DePuy Hip Replacement. She had to have it redone after a series of serious complications. We are now in a class action lawsuit.

Will whatever money we earn from this settlement affect our income & therefore affect my eligibility for financial aid?

[sherborne16]

Depends on how the settlement moneys are treated for tax purposes, as FAFSA depends on your taxes.

Class actions usually don't pay much (if anything) so it's unlikely to make a significant difference.

[tupac]

You do realize that participating in class action lawsuits results in lawyers getting rich, and the actual people participating getting next to nothing, right?