Student Aid - Another Advantage to being a Co-Op!
2012-13 Financial Aid Application and Verification Guide
Taxable income offsets:
Certain types of income and other monies are excluded from income in the need analysis. The CPS subtracts these excluded amounts from the AGI when calculating the EFC.
College Cooperative Education earnings from their work-sessions:
The student uses the W-2s or other records she received for these earnings.
Co-Op wages are excluded in the calculation for the EFC portion of the FAFSA. This does not apply to internship wages.