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 answers they need.
Hi. I was wondering how or where you can apply for the federal
supplemental educational opportunity grant. I can't seem to find out?
I already filled out my FAFSA. I did qualify for a Pell
Grant. Any info would be great.
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grant (FSEOG) by filing the Free Application for Federal Student Aid
(FAFSA). The FSEOG is a form of campus-based aid, where the college's
financial aid administrator decides which students will receive the
grant and how much they will receive. FSEOG funding is also limited,
so there is usually not enough money for every eligible student to
receive the grant.
The FAFSA excludes the primary residence as an asset, but what
about income property held in a revocable trust, where the trust is
owner and parent is beneficiary? Is that defined as an asset on the
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Trust funds are almost always counted as an asset on the FAFSA. The
only exception is an involuntary trust established by court order,
such as a trust fund to pay for future medical expenses of an accident
victim. A revocable trust is voluntary in nature and as such must be
reported as an asset on the FAFSA. The nature of the assets held in
the trust does not affect this requirement.
My daughter is attending a university in Florida. I just remarried,
but my new husband doesn't want to be used in or on the financial aid
forms. He doesn't want to be responsible for my daughter or her
expenses. We file taxes together and I use all of my disability checks
to take care of her. Is there any way to file using just my
When the custodial parent has remarried as of the FAFSA application
date, the income and assets of the stepparent must be reported on the
FAFSA. There are no exceptions, not even if the custodial parent and
stepparent were not married until after the end of the previous
year. The stepparent's information is required even if there is a
prenuptial agreements. The requirement to include stepparent
information on the FAFSA appears in section 475(f)(3) of the Higher
Education Act of 1965.
Filing the FAFSA, however, does not obligate the stepparent to pay for
the student's education. But the stepparent should realize that the
student will likely qualify for less financial aid because of the
stepparent's income and assets.