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Does Parental Support Affect Independent Student Status?

Does Parental Support Affect Independent Student Status?

I am 19 and have a baby (1 month old) and I am living with my boyfriend and his mother. I am confused about whose tax information to use on the ...

Mark Kantrowitz
Published February 4, 2013
Does Cash from the Sale of the Family Home Count as an Asset on the FAFSA?

Does Cash from the Sale of the Family Home Count as an Asset on the FAFSA?

We just sold our house and have not yet found our new house and have a lot of cash on hand. We will use the cash to buy a home in ...

Mark Kantrowitz
Published February 11, 2013
Why Does a Parent Qualify for More Financial Aid than Her Dependent Student Child When Both are in College?

Why Does a Parent Qualify for More Financial Aid than Her Dependent Student Child When Both are in College?

I am a 38-year-old wife and mother who decided to go to college 20 years out of high school. I am a student at an online college and receive financial aid ...

Mark Kantrowitz
Published February 25, 2013
Could You Be Giving Away Too Much on the FAFSA?

Could You Be Giving Away Too Much on the FAFSA?

What your FAFSA says about your first choice college.

By Kathryn Knight Randolph
Published December 8, 2014
FAFSA Information for DACA Students

FAFSA Information for DACA Students

DACA students are defined as a subgroup of these undocumented students who have received Deferred Action for Childhood Arrivals.

Elizabeth Hoyt
Published December 10, 2014
First Lady Michelle Obama's FAFSA Completion Challenge

First Lady Michelle Obama's FAFSA Completion Challenge

In addition to encouraging students to complete the FAFSA, the First Lady could send your school a special video message or speak at your commencement ceremony!

Elizabeth Hoyt
Published December 10, 2014
Paying the College Directly to Avoid Gift Taxes

Paying the College Directly to Avoid Gift Taxes

Under current IRS rules, a payment made directly to an educational institution to pay for the tuition of a student does not count as a gift to the student for gift ...

Mark Kantrowitz
Published September 27, 2012
Financial Aid and Scholarships for Undocumented Students

Financial Aid and Scholarships for Undocumented Students

What advice would you give on financial aid to undocumented students? — T.T. Before discussing financial aid for undocumented students, it is best for students who believe that they are undocumented ...

Mark Kantrowitz
Published October 8, 2012
What Do YOU Think of the New FAFSA?

What Do YOU Think of the New FAFSA?

Find out whether the new changes are paying off for students.

By Kathryn Knight Randolph
Published November 29, 2016
Ask for a Professional Judgment Review for One-Time Events

Ask for a Professional Judgment Review for One-Time Events

In our base year, my spouse will have a one-time job that will significantly raise our income for one year only. We have significant credit card debt and no savings for ...

Mark Kantrowitz
Published January 16, 2012
Must a Trust Fund be Reported on the FAFSA Even If Access to the Trust is Restricted?

Must a Trust Fund be Reported on the FAFSA Even If Access to the Trust is Restricted?

I have a friend whose mother passed away two years ago, and left her some money from an insurance policy. The money is currently in trust for her with her grandmother ...

Mark Kantrowitz
Published October 15, 2012
What Do You Do When Income or an Asset Isn't Really Your Money?

What Do You Do When Income or an Asset Isn't Really Your Money?

I am a disabled parent who hasn't worked since 2007. I am currently on long term disability and have been ruled disabled by the Social Security Administration. My child is heading ...

Mark Kantrowitz
Published January 23, 2012
Making Sense of Your EFC

Making Sense of Your EFC

Learn about how your EFC is calculated and what comes after.

By Kathryn Knight Randolph
Published January 14, 2015
Is a Student with Children But No Income Considered to be Independent?

Is a Student with Children But No Income Considered to be Independent?

I am under 24 years of age. I did not have any income the year before last. I have 2 children and live with a partner of 6 years. He is ...

Mark Kantrowitz
Published January 30, 2012
When Can a Student's Grandparents Substitute for the Parents on Financial Aid Forms?

When Can a Student's Grandparents Substitute for the Parents on Financial Aid Forms?

If a student lives with a grandparent, is there any way the student can use the grandparent's income tax information on her FAFSA? I have lived with my grandmother for all ...

Mark Kantrowitz
Published August 8, 2011
Does Home Equity Affect Eligibility for Financial Aid? What If You Sell the Family Home?

Does Home Equity Affect Eligibility for Financial Aid? What If You Sell the Family Home?

Ask Kantro: Does Home Equity Affect Eligibility for Financial Aid? What If You Sell the Family Home? Is home equity considered an asset when determining eligibility for aid? — Steve ...

Mark Kantrowitz
Published August 22, 2011
Completing the FAFSA When the Student's Parents Have a Legal Separation

Completing the FAFSA When the Student's Parents Have a Legal Separation

My parents aren't divorced but are legally separated and have been for about ten years. My mother is unable to remember where the papers for their separation are. I was wondering ...

Mark Kantrowitz
Published September 12, 2011
Will Filing Income Tax Returns as Married Filing Separately Affect Eligibility for Student Financial Aid?

Will Filing Income Tax Returns as Married Filing Separately Affect Eligibility for Student Financial Aid?

My husband and I separated last year and are living at separate addresses. We have not filed for divorce yet or a formal separation. We are considering filing our taxes as ...

Mark Kantrowitz
Published September 19, 2011
How Do You Calculate Individual Income From a Joint Return for the FAFSA When the Parents Are Separated?

How Do You Calculate Individual Income From a Joint Return for the FAFSA When the Parents Are Separated?

In your answer to How Does Income Tax Filing Status Affect Student Aid?, you address the question of which parent is responsible for completing the FAFSA. However, I'm very curious as ...

Mark Kantrowitz
Published February 28, 2011
Timing of an Appeal for More Aid and Appealing the Asset Value of Unsold Real Estate

Timing of an Appeal for More Aid and Appealing the Asset Value of Unsold Real Estate

How soon after filing the FAFSA can I request a professional judgement review (without seeming overanxious)? We tried to sell our previous home last year without success. The home is vacant ...

Mark Kantrowitz
Published March 7, 2011