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Impact of a Government Shutdown on Student Financial Aid

Impact of a Government Shutdown on Student Financial Aid

If Congress fails to pass legislation funding the federal government, the federal government will shut down and more than 800,000 government employees will be furloughed. The impact on federal student aid, ...

Mark Kantrowitz
Published April 8, 2011
Does Dependency Status on Income Tax Returns Affect Financial Aid Eligibility?

Does Dependency Status on Income Tax Returns Affect Financial Aid Eligibility?

My daughter graduated from undergraduate school in May of this year. As far as student loans were concerned she was considered a dependent for the 4 years she attended there and ...

Mark Kantrowitz
Published March 11, 2013
President Obama Announces Changes to 2017-18 FAFSA

President Obama Announces Changes to 2017-18 FAFSA

These changes, which start next year, will impact millions of students who apply for federal student aid and are being applied, in hopes, to make the process easier and more helpful for students in the college planning process.

Elizabeth Hoyt
Published September 17, 2015
What Happens When Retirement Money isn't in a Qualified Retirement Plan?

What Happens When Retirement Money isn't in a Qualified Retirement Plan?

I am a single parent, age 56 and my daughter will be applying for college next year. I make less than $60,000, but have just over $100,000 in savings and mutual ...

Mark Kantrowitz
Published March 25, 2013
Quick Answers to Common Questions about Financial Aid

Quick Answers to Common Questions about Financial Aid

Financial aid is an inherently complicated topic. Sometimes students and parents have questions that may seem obvious to people who have more experience with financial aid. But they can't find the ...

Mark Kantrowitz
Published April 1, 2013
2017-18 FAFSA Changes: What Prior-Prior Year (PPY) Means for You

2017-18 FAFSA Changes: What Prior-Prior Year (PPY) Means for You

The change will allow students to report tax information from a prior-prior tax year (PPY) allowing tax information from two years ago.

Elizabeth Hoyt
Published October 19, 2015
Does Adoption Affect an Orphan's Eligibility for Financial Aid?

Does Adoption Affect an Orphan's Eligibility for Financial Aid?

I am trying to advise two students whose mother died four years ago and their father died last week, unfortunately. The girls' grandmother is now taking care of them (a 9th ...

Mark Kantrowitz
Published April 22, 2013
FSA ID FAQs

FSA ID FAQs

You’ll need a FAFSA ID (not a Federal Student Aid PIN) in order to fill out your FAFSA this year!

Elizabeth Hoyt
Published November 18, 2015
Over $2.9 Billion in Free College Money Unclaimed by Students – Why?

Over $2.9 Billion in Free College Money Unclaimed by Students – Why?

The best way to ensure that history doesn’t repeat itself by students missing out on free financial aid is for both graduating seniors and, of course, parents, to fill out their FAFSA forms ASAP!

Elizabeth Hoyt
Published January 20, 2015
How Do Grandparent-Owned 529 College Savings Plans Affect Financial Aid Eligibility?

How Do Grandparent-Owned 529 College Savings Plans Affect Financial Aid Eligibility?

Rules for Treatment of 529 College Savings Plans as Income and Assets

Mark Kantrowitz
Published March 6, 2012
Family Incorrectly Reported 529 Plan as a Student Asset on the FAFSA

Family Incorrectly Reported 529 Plan as a Student Asset on the FAFSA

I have two questions which I assume you've been asked a million times and I just want to make sure I'm understanding the write-ups about them correctly. We have a regular ...

Mark Kantrowitz
Published March 12, 2012
Advice to Parents Whose Child will be the First in the Family to Go to College

Advice to Parents Whose Child will be the First in the Family to Go to College

My wife and I are looking for help in getting our son into college. He is a junior in high school. His mother and I are on disability. My wife is ...

Mark Kantrowitz
Published March 26, 2012
How to Minimize the Impact of a Student's Brokerage Account on Financial Aid

How to Minimize the Impact of a Student's Brokerage Account on Financial Aid

We have an UTMA mutual fund for our son who is a senior in high school (17 years old). It is approximately $19,000 and was intended to help pay for college ...

Mark Kantrowitz
Published November 26, 2012
How Can One Shelter Parent Assets on the FAFSA?

How Can One Shelter Parent Assets on the FAFSA?

My daughter is going to college next year. We have to file the FAFSA in January. We have money in our savings account that we saved for emergency reasons and some ...

Mark Kantrowitz
Published December 3, 2012
What Documentation can a College Financial Aid Administrator Request?

What Documentation can a College Financial Aid Administrator Request?

I'm an independent student who filed a 1040A last year so I was not required to answer questions about assets on the FAFSA application. I had very little income last year ...

Mark Kantrowitz
Published December 10, 2012
Pros and Cons of Using Retirement Funds to Pay for College Costs

Pros and Cons of Using Retirement Funds to Pay for College Costs

Why should one NOT use retirement funds to pay for a child's college costs? — Diane H. There are two main reasons why families shouldn't use retirement plan funds to pay ...

Mark Kantrowitz
Published October 3, 2011
Can a Parent Count a Child in Household Size and Also Report Amounts Paid in Child Support on the FAFSA?

Can a Parent Count a Child in Household Size and Also Report Amounts Paid in Child Support on the FAFSA?

I am the custodial parent for my son and college-bound daughter. It seems like the form assumes that only non-custodial parents pay child support! However, I still pay their mother child ...

Mark Kantrowitz
Published October 10, 2011
How Do I Transfer Financial Aid from One College to Another?

How Do I Transfer Financial Aid from One College to Another?

If I change schools, how do I edit my FAFSA so the money goes to my new school? And about how long would it take for the money to transfer schools? ...

Mark Kantrowitz
Published March 21, 2011
What Do You Do If Your Application for a FAFSA PIN is Rejected?

What Do You Do If Your Application for a FAFSA PIN is Rejected?

Expert financial aid answers to all of your questions.

Mark Kantrowitz
Published October 23, 2011
What Happens If You Deliberately Don't Report Assets on the FAFSA?

What Happens If You Deliberately Don't Report Assets on the FAFSA?

I'm doing everything possible to lower my EFC. I have assets, UTMA, mutual funds, stocks and I know they hurt my chances of receiving free money (Federal or state grants). I ...

Mark Kantrowitz
Published March 28, 2011