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FAFSA

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Posted 8 months ago

 

I am trying to put myself through graduate school.  I want to know how FAFSA decides my family is obligated to pay $5500 towards my education.  How do they decide what other people are obligated to pay me?

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Rate This | Posted 8 months ago

 

Hey,


If a candidate is under age of 21, FAFSA considers him/her dependent on parents and decides  that the parents have an obligation to pay at least a fraction of the tuition fees of their child. A perticular amount of this fraction ($5500 in your case) comes through the calculation of FAFSA calculator after collecting all the income information of the parents.