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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
How Do I Become Independent on the FAFSA If I Am Under Age 24?

How Do I Become Independent on the FAFSA If I Am Under Age 24?

Do you qualify as an independent student? Find out.

Mark Kantrowitz
Published April 8, 2016
Should I Work My Way Through College or Quit My Job to Enroll Full-Time?

Should I Work My Way Through College or Quit My Job to Enroll Full-Time?

I am 26 and looking to start attending school full time this fall. I am also taking some summer classes at a community college to get all the credits I can ...

Mark Kantrowitz
Published April 25, 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
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
Why Do Financial Aid Application Forms Use Last Year's Income?

Why Do Financial Aid Application Forms Use Last Year's Income?

Why do the government and colleges use last year's income to determine financial aid for the current year? Our financial situation has changed, my husband was laid off last year but ...

Mark Kantrowitz
Published April 29, 2013
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
After the FAFSA: What to Do Once You’ve Submitted Yours

After the FAFSA: What to Do Once You’ve Submitted Yours

Once you've submitted your FAFSA, you may have questions or changes to the document. Here's what you should expect and how to make edits.

Elizabeth Hoyt
Published November 18, 2015
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 15, 2015
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 March 6, 2016
Should a Family Sell Student-Owned Stocks to Get More Financial Aid?

Should a Family Sell Student-Owned Stocks to Get More Financial Aid?

I have two daughters. One is a junior in college. The other is a senior in high school who will be going to college this fall. They both have stocks given ...

Mark Kantrowitz
Published April 2, 2012
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
Does the Cash from a Cash-Out Refinance Count as an Asset on the FAFSA?

Does the Cash from a Cash-Out Refinance Count as an Asset on the FAFSA?

My daughter is a high school junior. I have just refinanced with cash out for a home remodel to accommodate my aging parents. However the remodel is delayed and the money ...

Mark Kantrowitz
Published December 17, 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
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
To Convert or Not To Convert; How Does a Roth IRA Conversion Affect Student Aid?

To Convert or Not To Convert; How Does a Roth IRA Conversion Affect Student Aid?

I am retired with no income from employment and a moderate amount of investment income, $20,000 to $30,000 a year. I am contemplating a partial conversion from my traditional IRA to ...

Mark Kantrowitz
Published October 31, 2011