Stack Exchange Network

Stack Exchange network consists of 175 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [fafsa]

FAFSA is the Free Application for Federal Student Aid. Most college-bound students in the US will file this form when applying for financial aid or student loans.

3
votes
2answers
79 views

Federal Aid and Tuition Reimbursement at work

My situation is the following: my wife and I are adults who are trying to complete our first bachelor degrees respectively (we started our degrees and dropped out years ago) so far, we both have been ...
2
votes
0answers
60 views

Are federal pell grants applied on top of college scholarships?

Does the scholarship that your college provide you with include the federal pell grant or is the grant amount an additional amount to the scholarship provided by the college?
-1
votes
1answer
41 views

How to smartly enter information of the CSS Profile and IDAC form?

All need-based financial aid colleges in the USA require filling out the CSS Profile and IDOC Form to determine financial need. Hence it is in the student and his family's interest to show their ...
2
votes
1answer
138 views

Catch-22 for FAFSA or confusion?

I can't finish my FAFSA because my W-2 is missing. I tried looking into tax forms for transcripts, but I didn't make enough in 2016 to have to file for a return. The point is that my financial aid ...
4
votes
2answers
216 views

Will having savings and investments count against my kids' college financial aid?

I have a fairly modest income (closer to the poverty line than median income), but because we live abroad, we're able to live comfortably and save responsibly. We max out our IRA contributions every ...
4
votes
1answer
66 views

FAFSA: ASTV Asset Verification - preventing savings from hurting financial aide

Let's say I have $19,000 combine in savings and checking but $8000 in credit card debt. The form asks for savings/checking. Do I have to enter the $19,000 or could I maybe get away with $11,000 and ...
5
votes
1answer
232 views

Why does FAFSA consider my son a “dependent” when he's been on his own for 2 years?

After moving out 2 years ago, my son has finally decided that he wants to go to college so began applying for Federal Student Aid. The application seems to consider him a "dependent" though. I've ...
4
votes
1answer
105 views

How much Wait time is needed for new USA permanent residents to Apply for Student Financial Aid

How much Wait time is needed for new USA permanent residents to Apply for Student Financial Aid for Graduate and Undergraduate studies? I heard you need to wait for one year until you can apply for ...
7
votes
5answers
2k views

College student - I'm a 'dependent' and my parents won't apply for the Parent PLUS loan or cosign a private loan

This is currently happening to a friend. She is 19 years old and doesn't qualify as an 'independent' on the FAFSA. Her parents refuse to apply for the Parent PLUS loan and also refuse to cosign for a ...
0
votes
1answer
115 views

Do I have a time limit on my financial aid if I'm only using Pell Grants

I am enrolled in an Associates of Applied Science degree at community college. My grants have been enough to pay for the credit hours, so I have not taken out direct loans. Conversation wise, people ...
22
votes
2answers
7k views

Using fiancée's money to pay off my student debt

I have a student loan in my name and I just got engaged (Yay!) about 2 months ago. My fiancée has been saving up and is really interested in helping us get out of debt before the wedding. I think we ...
1
vote
1answer
59 views

How is “money loaned to friend” classified on FAFSA?

I'm filling out FAFSA for graduate school and wonder how I should classify the money I loan to a friend. It's a big amount (~ $10,000) and was transferred informally, i.e. I just cut him a check with ...
1
vote
1answer
220 views

Under federal rules, does a non-taxable IRA Roth Conversion impact school financial aid?

If you convert a traditional IRA to a Roth IRA and all the funds were deposited into the traditional IRA as non-deductible contributions, and there is no gain, and thus there is no income by the ...
-4
votes
1answer
2k views

How does Pell Grant work for students with a foreign Bachelor's?

I have an MD degree from a foreign institution. But because I got that foreign MD from an unaccredited medical school 30 years ago, I can't find a job in the U.S. Therefore, I decided to get at least ...
1
vote
1answer
81 views

Not sure whether to File this Year

I am supposed to apply for the FAFSA each year, and on the FAFSA it asks about our taxes (in case we file). I am not receiving a W-2 this year since I was not on a payroll for the entire year 2014. I ...
1
vote
1answer
106 views

FAFSA, internship and a new house

I completed 2 internship this year and my total income was roughly 24K. I had 7k or so withheld. I wrote checks to my parents:5k to contribute with the minimum to receive a mortgage loan required and ...
6
votes
1answer
1k views

My parent claimed me as a dependent on their 2012 taxes. Do I have to claim their income on my FAFSA?

I'm 24 and I'm now living on my own and working. However, my parent claimed me for 2012 as a dependent. How will this affect my FAFSA? Will I have to claim my parent's income?
2
votes
2answers
524 views

How should I specify income that was saved abroad on my children's FAFSA?

I lived and worked in London (even though I'm an American) for the last 5 years, and now I'll be heading back to the states. My children are about to start college and I have money saved in an ...
5
votes
1answer
85 views

FAFSA implications of filing jointly?

Recently our accountant filed a tax return as married for my partner and me (we live together). She is applying for FAFSA and is not sure whether she should be reflecting her marital status from our ...
4
votes
1answer
7k views

FAFSA: Do I still report my parents' income if I am not claimed as dependent?

I'm 19 and it's nearly time to fill out the FAFSA again. Most of the time, until you're 24 (or is it 25?) you report your parents' income on the FAFSA. However, my parents do not claim me as a ...
2
votes
1answer
148 views

How do I fill out my FAFSA form if my mom has two jobs?

My mom gets two separate W-2 forms from two separate jobs. How do I take this into account when filling out my FAFSA form?