Sunday, November 06, 2005

Which Parent's information do I use for the FAFSA?

If your parents are divorced and it is time to file the FAFSA, you might have trouble figuring out whose information to use. If you father makes $100,000 a year and your mother makes $20,000 a year, you might automatically think that using your mother's information might be beneficial. The law states that you must put the financial information of the parent who will provide more than 50% of the student's support during the school year. In the situation above, if you are living with your father and he is paying the bills, you would have to use his information. If you are still a dependant student living on your own and no parent is funding any part of your well being, you can choose whichever parent you want to put on the FAFSA. It would be in your best interest to use the parent who makes less money.

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