Even though the Commission uses absolute family income ceilings when selecting Cal Grant recipients, all students are encouraged to apply, even if their family income and assets are above the ceilings. Many things can happen between the time the FAFSA is submitted and the start of school that can dramatically change a family’s situation. Also, the Commission annually adjusts the income ceilings.

• Current Income and Asset Ceilings

Also, keep in mind when determining your assets, you don’t report home equity, retirement funds, prepaid tuition plans and life insurance on the FAFSA.