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  • +13

    When is a Stepparent or Adoptive Parent's Income Reported on the FAFSA?

    My daughter's father and I are divorced and I have remarried. Neither my previous nor my new husband are contributing toward my daughter's education, so I am paying all of the expenses myself. How can I show that in my taxes and on the FAFSA so the aid calculations are not made using twice the income that is actually being applied ...
    Published about 3 years ago | Rated: +13
  • +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
  • +13

    What Can You Do If Your Parents Won't File the FAFSA or Help Pay for College?

    I am in kind of a bad situation. I had a bit of personal problems and had to move out of my house and no longer live with my parents. Unfortunately they will no longer pay for any of my schooling. I previously filled out the FAFSA and did not qualify because my parents made too much money. However, because I ...
    Published almost 4 years ago | Rated: +13
  • +13

    When Will the Financial Aid Award Letter Arrive?

    I am new to all of this and I am wondering how soon we find out how much financial aid we will be getting. My son has been accepted at 3 colleges and each one wants money to secure his place. One is way more expensive than the others but if we get enough aid he can go there. The deposit ...
    Published about 3 years ago | Rated: +13
  • +12

    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, however, will be minimal. During a government shutdown government employees who are considered "essential" will continue to work. This includes personnel who are critical for national security and the safety ...
    Published about 3 years ago | Rated: +12
  • +12

    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 before starting. I am also a transfer student with 37 credits from another school I went to right out of high school. I am currently married and am considering quitting ...
    Published almost 3 years ago | Rated: +12
  • +12

    Do Twins Get More Aid? If a Student Gets Married, Does the Financial Aid Change?

    My boyfriend and I are afraid that if we marry my annual gross income ($47,000) will prevent him from getting federal grants and loans for college. He has no income at all. He is disabled but was denied disability when he applied. We don't mind waiting if it would be better to wait. — Sarah K. Your fears are justified. When ...
    Published over 3 years ago | Rated: +12
  • +12

    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 was thinking of cashing in the assets and putting them in a safety deposit box. That way I won't have to claim them on the FAFSA because they are no ...
    Published about 3 years ago | Rated: +12
  • +11

    Questions about the Free Application for Federal Student Aid (FAFSA)

    Having grown up with depression era parents, I've never been someone that liked to have debt. I'm told that avoiding debt will not work in my favor when applying for financial aid for my son's education. What should I know and is there something I should do to improve my odds of getting what other typically debt-ridden families in our tax ...
    Published over 4 years ago | Rated: +11
  • +11

    Are "Dual Enrollment" Students Considered College Students on the FAFSA?

    Families should file the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov as soon as possible after January 1. While the federal government accepts the FAFSA as late as June 30 of the following year, several states have deadlines as early as February or March. Some state funding is awarded on a first come, first served basis, with state grants ...
    Published over 3 years ago | Rated: +11
  • +11

    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 for college. The first reason is the financial impact of taking a distribution from a retirement plan to pay for college. The financial impact includes both the tax liability and ...
    Published over 2 years ago | Rated: +11
  • +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
  • +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
  • +9

    Short Answers to A Few Common FAFSA Questions

    Does checking the Federal Work Study box on the FAFSA affect other forms of financial aid that a college might award, such as scholarships or other government aid? Is it wise to check this box even if you have not yet received a college's financial aid offer? — S. Z. Turning down one form of need-based financial aid generally does not ...
    Published about 4 years ago | Rated: +9
  • +9

    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 our FAFSA looks okay because of his severance pay. We need financial aid help in order to help our daughter who wants to attend college in the fall. How can ...
    Published 12 months ago | Rated: +9
  • +9

    If a Student's Parents Do Not Claim Him as a Dependent on their Income Tax Returns, Will the Student Get More Financial Aid?

    How beneficial is it to have our college attending son file his taxes on his own versus us claiming him as a dependent? Does it make a huge difference in the amount of aid and/or scholarships he would receive? — Lois H. Whether or not a student is claimed as an exemption on his parents' federal income tax returns has no ...
    Published about 2 years ago | Rated: +9
  • +9

    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 if I have to put my father's information on the FAFSA even though my mother is my primary care-giver. (I spend all 365 days a year with her.) I don't ...
    Published over 2 years ago | Rated: +9
  • +9

    Questions about How to Handle an Inheritance and Scholarships for Cancer Survivors

    Our son is a sophomore in college. He receives both subsidized and unsubsidized loans. My husband and I have been paying the remaining balance for his education. I recently inherited approximately $100,000. I am aware that we should pay off high interest debt with this money. However, we want to save enough to pay for the rest of his college education ...
    Published over 3 years ago | Rated: +9
  • +9

    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? — Q.T. Student financial aid does not directly transfer between colleges. Instead, the new college will recalculate your eligibility from scratch based on the information on your FAFSA and the ...
    Published about 3 years ago | Rated: +9