College Prowler $2000 No Essay Scholarship - Appy Now!

Financial Aid >> Browse Articles

Browse FAFSA Articles

  • +9

    What Counts as Child Support on the FAFSA?

    I am very grateful to Fastweb for providing all that you do. I am especially grateful for your answers to questions. I agreed (outside of the courts) to pay my daughter's car payment and some additional spending money for internet access. This increased my costs by $100 per month beyond the child support obligation. Can I exclude this amount from the ...
    Published about 4 years ago | Rated: +9
  • +7

    Is the Non-Custodial Parent a Parent for Federal Student Aid Purposes?

    I am divorced and the custodial parent of two children who live with me. Both kids have Coverdell Education Savings Accounts. My soon-to-be college student daughter's Coverdell lists her father (my ex-husband) as the account owner. My son's Coverdell lists me as the account owner. How do I report my daughter's Coverdell on the FAFSA? The fund will not give me ...
    Published about 4 years ago | Rated: +7
  • +7

    Options for a Student Whose Parents Refuse to Complete the FAFSA

    I have been financially independent from my parents since I was 19. I'm 23 now. I've been working two jobs and taking 12 hours in school. My school says that I cannot file a FAFSA without my parents' information. My parents will not give me their tax information or even fill it out online. I don't have the stamina to work ...
    Published about 4 years ago | Rated: +7
  • +9

    What's the FAFSA? And Why You Should Care

    What's the FAFSA? And Why You Should Care
    You must submit the Free Application for Federal Student Aid (FAFSA) if you want to apply for federal and state financial aid. Many colleges and universities, especially public institutions, also require the FAFSA. You must submit the FAFSA every year that you want aid. Obtaining a FAFSA The FAFSA is available in several formats, including online, PDF and paper versions. The ...
    Published about 5 years ago | Rated: +9
  • +9

    College Board Simplifies CSS/Financial Aid PROFILE Form

    College Board Simplifies CSS/Financial Aid PROFILE Form
    While the US Department of Education is working on simplifying the Free Application for Federal Student Aid (FAFSA), the College Board has already been taking similar steps toward simplifying the CSS/Financial Aid PROFILE form. The CSS/Financial Aid PROFILE form tries to calculate a more precise measurement of ability to pay. This necessarily involves asking more questions than on the FAFSA. However, ...
    Published about 4 years ago | Rated: +9
  • +9

    How to Report Stocks on the FAFSA

    I am a single mom and my son will be entering his freshman year in college this fall. The FAFSA application asks for the gross income from last year's tax return. My W-2 total includes not only my salary but also stock grants that were given to me by my employer. This total in no way reflects the amount I lived ...
    Published about 4 years ago | Rated: +9
  • +3

    Quick Tips for Filing Your FAFSA

    Filling out the FAFSA can be tricky. Keep these tips in mind and you shouldn't have any problems. Identify Yourself Use your legal name as it appears on your Social Security card. Nicknames or aliases will cause a processing delay. Read the questions carefully. The words "you" and "your" on the FAFSA always refer to the student, not the parents. To ...
    Published over 5 years ago | Rated: +3
  • +8

    Why Do Some Merit-Based Scholarships Require the FAFSA?

    I am a 38-year-old student who returned to junior college after being laid off and being unable to find a comparable job. Because I was a "good saver" in my 20's, I was able to do this while only working part-time. Approximately 60% of my expenses are paid with my savings. I am ready to transfer into a 4-year institution. However, ...
    Published almost 4 years ago | Rated: +8
  • +3

    Do you really need Reasons to File Your FAFSA?

    Submitting your Free Application for Federal Student Aid (FAFSA) can be a complicated process. From digging through information on your family's assets to decoding income tax forms, filling out the FAFSA is a hassle, so why bother? Here are five reasons why it's worth it. 1. Federal Aid Do you want some of the more than $95 billion the federal government ...
    Published almost 6 years ago | Rated: +3
  • +9

    Reporting Prepaid Tuition Plans and 529 Plans on the FAFSA for Independent Students

    I'm confused as to how to treat a prepaid tuition plan when applying for financial aid. I'm an independent student but I have a small prepaid tuition account which is held by a parent as account owner with me as the beneficiary. Since I don't list parent assets when filling out the FAFSA, do I need to list the prepaid tuition ...
    Published almost 4 years ago | Rated: +9
  • +13

    Which of a Student's Divorced Parents Must Complete the FAFSA? Is the Stepparent's Information Reported on the FAFSA?

    I will be filling out the FAFSA soon for my daughter who will be attending college next fall. My question is regarding her father, who is my ex-husband. Her father does not pay child support and has not supported her financially since our divorce 5 years ago. Do I have to include his financial information, or any of his information, on ...
    Published over 3 years ago | Rated: +13
  • +2

    Do Outstanding Loans Affect Eligibility for Financial Aid?

    How do outstanding loans affect future financial aid awards for my children? Is there any advantage to trying to pay them back early (other than less interest)? Are they counted towards my outstanding debt thereby potentially increasing my aid package? — Linda H. Most forms of consumer debt, including auto loans and credit card debt, are ignored by the Free Application ...
    Published almost 4 years ago | Rated: +2
  • +4

    How the Increase in Financial Aid Applications Will Affect You

    How the Increase in Financial Aid Applications Will Affect You
    Colleges all over the country are seeing a rise in applications for federal financial aid. In 2008, more than a million more students applied for financial aid, marking a 10.5% increase from 2007. In the first quarter of 2009, applications for financial aid are up 20.8% as compared with the first quarter of 2008. Not only are more students applying for ...
    Published over 5 years ago | Rated: +4
  • +4

    How to Complete the FAFSA when a Parent Didn't File her Federal Income Tax Return

    I have a problem with my FAFSA. My mom didn't file her income tax returns last year. What do I use when I fill out my FAFSA form? — Erica H. There are four common scenarios in which someone might not file a federal income tax return: 1. Not required to file. The taxpayer is not required to file a federal ...
    Published over 3 years ago | Rated: +4
  • +10

    Clearing Up Confusion. What are Parents Responsible for on FAFSA?

    There seems to be a lot of confusion about which parent is responsible for completing the Free Application for Federal Student Aid (FAFSA), so I'm answering a few more questions on this topic. The references to "father's/stepfather's" on the FAFSA can be confusing for children of divorced parents. I'm 17 yrs old and I live with my mother and my stepfather. ...
    Published about 4 years ago | Rated: +10
  • +10

    How Do You Complete the FAFSA When a Parent is Undocumented?

    I live with my mother and my brothers. My mother is undocumented and does not work. However, I am a permanent resident and my brothers were born here in the United States. We are receiving help from welfare as food stamps and cash for needy families. We are also living in a shelter. My question is: What kind of financial aid ...
    Published over 3 years ago | Rated: +10
  • +8

    When must a Non-Custodial Parent Count a Child in Household Size?

    I am remarried and my husband pays child support for his two children that live with their mother. They pass the support test. Do we include his children in our household size as well as report the amount he pays for child support for them? If it's only one or the other, which is more financial beneficial from a FAFSA standpoint? ...
    Published over 1 year ago | Rated: +8
  • +7

    Impact of a Gift Trust Account on Eligibility for Need-Based Financial Aid

    My daughter turned 18 recently, and received a $25,000 mutual fund statement with her name on it. Her aunt had put $10,000 away in 1995 in a gift trust account for a minor. This was a mutual fund account in which the interest was reinvested each year and therefore no IRS interest statements were generated. We were unaware that her aunt ...
    Published over 1 year ago | Rated: +7
  • +19

    Changes to the 2012 - 2013 FAFSA

    Changes to the 2012 - 2013 FAFSA
    For many students, January 1 is doomsday. It’s the day the FAFSA application becomes available, triggering an overwhelming sense of dread as students either fill out the FAFSA alone or with their parents. Fortunately, the FAFSA gets easier each year as the Department of Education continues to make improvements to the application system and the designation of federal aid. Before we ...
    Published over 2 years ago | Rated: +19
  • +8

    Can a Stepdaughter be Counted in the Household If She Lives with the Other Parent?

    My stepdaughter used my husband's tax return to file her FAFSA because her mother had said that his taxes needed to be used because he claims her on his income tax return. From what I know, the parent that the child lives with most of the time should be used. Am I right or wrong? She got denied financial aid when ...
    Published almost 3 years ago | Rated: +8