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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
Do Social Security retirement benefits count when calculating financial aid?
The amount is not included as a parental asset for the purposes of the FAFSA. … However, if you take a withdrawal from the IRA then it is counted as income, and up to 50% of that amount could reduce aid awarded with next year's FAFSA. …