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New Husband Refuses to Help with College Costs

New Husband Refuses to Help with College Costs

I have been a single mother raising twin daughters pretty much all their life but recently (2 years ago) remarried a fairly successful man who has from day one said he ...

Mark Kantrowitz
Published November 7, 2011
Answers to Common Questions about Dependency Status and Financial Aid

Answers to Common Questions about Dependency Status and Financial Aid

Will my daughter's chances for receiving financial aid be higher if we don't claim her on our taxes? Household income is about $85,000 and she did not qualify for financial aid ...

Mark Kantrowitz
Published November 14, 2011
If a Student's Parents Are Not Married, How Does the Student Complete the FAFSA?

If a Student's Parents Are Not Married, How Does the Student Complete the FAFSA?

I live with my mother and my step-father but they are not married. They keep their finances separate and, other than helping my mom to pay for the house I live ...

Mark Kantrowitz
Published November 28, 2011
How Does a Parent Enrolling in College Affect the Child's Financial Aid?

How Does a Parent Enrolling in College Affect the Child's Financial Aid?

My daughter is hoping to attend a private college next year. Of course, we will be applying for financial aid and as many scholarships as we can find! My husband works ...

Mark Kantrowitz
Published May 9, 2011
Does Moving a 529 College Savings Plan into a Roth IRA Make Sense?

Does Moving a 529 College Savings Plan into a Roth IRA Make Sense?

Does it make sense to move our $40,000 529 college savings plan into a Roth IRA for our children who are both in college to shield the money from our asset ...

Mark Kantrowitz
Published December 12, 2011
Should Parents Pay Off Credit Cards Before Applying for College Loans and Other Aid?

Should Parents Pay Off Credit Cards Before Applying for College Loans and Other Aid?

Why is it better for parents to pay off credit cards (if one can) before obtaining loans for a child for college? — Diane H. Most forms of consumer debt, such ...

Mark Kantrowitz
Published May 30, 2011
Does Filing a FAFSA Obligate You in Any Way? Are Parents Responsible for Repaying a Child's Student Loans?

Does Filing a FAFSA Obligate You in Any Way? Are Parents Responsible for Repaying a Child's Student Loans?

I have a question about filling out a FAFSA form for my child. If we fill out the form and my child is granted a loan for college, will the parents ...

Mark Kantrowitz
Published June 18, 2011
FAFSA Updated to Accommodate Same-Sex Parentage

FAFSA Updated to Accommodate Same-Sex Parentage

The changed to the 2014-2015 FAFSA is considered a step forward for the LGBTQ community.

Elizabeth Hoyt
Published May 8, 2013
FAFSA Prep: Money Moves to Make Before the End of 2015

FAFSA Prep: Money Moves to Make Before the End of 2015

How to prepare for Prior-Prior Year FAFSA before the end of 2015.

By Kathryn Knight Randolph
Published November 25, 2015
FAFSA Deadline Approaching!

FAFSA Deadline Approaching!

Online applications for FAFSA must be submitted by midnight Central Time, June 30!

By Kathryn Knight Randolph
Published May 12, 2016
2016-2017 Financial Aid Deadlines

2016-2017 Financial Aid Deadlines

We've got you covered with a complete list of financial aid deadlines, state-by-state, for the 2016-2017 academic year.

Elizabeth Hoyt
Published May 11, 2016
Top 5 Common FAFSA Mistakes

Top 5 Common FAFSA Mistakes

Avoid making these mistakes when you file the FAFSA this year.

By Kathryn Knight Randolph
Published January 29, 2016
Should Wealthy Parents Cut Family Income Tenfold to Help their Children Qualify for Need-Based Student Financial Aid?

Should Wealthy Parents Cut Family Income Tenfold to Help their Children Qualify for Need-Based Student Financial Aid?

My wife and I make about $150,000 in combined income. We have probably $350,000 in home equity, $100,000 in rental property equity and $500,000 in retirement accounts. We have three kids ...

Mark Kantrowitz
Published April 9, 2012
Year-End Financial Aid Moves

Year-End Financial Aid Moves

As the year draws to a close, there are several steps families can take to get more need-based and merit-based financial aid. Prepay Next Year's Tuition Taxpayers can claim one of ...

Mark Kantrowitz
Published December 20, 2012
Why is Parental Information Required on the FAFSA for a Self-Sufficient Student?

Why is Parental Information Required on the FAFSA for a Self-Sufficient Student?

Why do we have to file the FAFSA when my daughter supports herself? My daughter has not lived with me or my husband for a year and a half while she’s ...

Mark Kantrowitz
Published December 24, 2012
Confusion about Reporting Custodial 529 College Savings Plan Accounts on the FAFSA

Confusion about Reporting Custodial 529 College Savings Plan Accounts on the FAFSA

My daughter is a freshman (in college) and lives more than 50% of the time with her mother who is the custodial parent. Her mom and I have been divorced for ...

Mark Kantrowitz
Published December 31, 2012
Is There Any Way to Shelter Retirement Plan Distributions on the FAFSA?

Is There Any Way to Shelter Retirement Plan Distributions on the FAFSA?

My question is simple: is there a way to withdraw money from my 401(K), at age 59 1/2, that will not be counted as income for FAFSA purposes? Although I receive ...

Mark Kantrowitz
Published May 21, 2012
Are UGMA and UTMA Accounts Reported as Investments on the FAFSA?

Are UGMA and UTMA Accounts Reported as Investments on the FAFSA?

Tuesday, May 29 is National College Savings Day (i.e., May 29 is 5/29, a cute reference to 529 college savings plans). To commemorate the occasion, Mark Kantrowitz answers a question about ...

Mark Kantrowitz
Published May 28, 2012
FAFSA Checklist

FAFSA Checklist

Trust us, if you do have the necessary information on hand, filling out the form will become much simpler.

Elizabeth Hoyt
Published November 14, 2015
Which Parents are Responsible for Completing the Financial Aid Application Forms?

Which Parents are Responsible for Completing the Financial Aid Application Forms?

Both of my daughters' parents have re-married. Whose income is counted for financial aid? Just biological parents or their spouses too? Does primary parent fill out the paperwork or the parent ...

Mark Kantrowitz
Published June 4, 2012