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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.

1 vote
0 answers
42 views

Questions regarding Adjusted Gross Incomes and their calculation

I was recently asked to provide my AGI by a governmental service outside my country and was wondering about its calculation, since Indian Tax Returns (ITRs) don't have a specific header for it. Should ...
Akuno's user avatar
  • 11
3 votes
1 answer
644 views

Can applying for a new loan affect my existing mortgage? (US)

I live in the US and I am a somewhat mature full-time graduate student. I have gone back to grad school after having spent some years working and I have children and a mortgage. My school has a policy ...
Time4Tea's user avatar
  • 695
1 vote
1 answer
91 views

Looking for guidance re: how to class inheritance funds so they do not impact FAFSA

My parents passed away and left a small inheritance that I am not planning to access until I near retirement (10-15 years). Most of the funds are currently in an IRA account. Will these funds impact ...
Michelle's user avatar
9 votes
5 answers
2k views

Prior to the student loan repayment changes -- when could an individual wind up being charged more in interest than their minimum payments?

When I had student loans I was able to make minimum payments on mygreatlakes (the website I was directed to go to after graduating). I have some recollection about these being special loans with extra ...
Sidney's user avatar
  • 468
3 votes
1 answer
423 views

What does the FAFSA mean by academic year?

Suppose you go to college with credits, which makes you an academic sophomore. I would assume you should go with the # of years you spend in college, not your academic progression, when filling out ...
joseph-parsons's user avatar
1 vote
1 answer
61 views

Would I qualify for an automatic 0 EFC on my FAFSA?

First of all, what does it mean to qualify for 0 EFC? Does it mean that any income I have, through internships or through taxable portions of other scholarships this year, is disregarded in ...
ARJ's user avatar
  • 167
1 vote
1 answer
446 views

Can I list my aunt, who has been my primary caretaker, as my parent on the FAFSA application?

I have lived with my aunt for all of my high school and most of my elementary school years. She has cared for me and paid EVERYTHING for me. She also carries me as a dependent on her taxes along with ...
College 2021's user avatar
1 vote
1 answer
3k views

Must my college send a 1098-T form for the financial aid checks they have sent me? Because, I haven't received anything at all

I did the basics to make sure that I'm not missing anything Check more than 3 times on my main college online account. No 1098-t forms. Check email more than 3 times. No 1098-t forms check mail more ...
The T's user avatar
  • 143
3 votes
1 answer
147 views

Do Social Security retirement benefits count when calculating financial aid?

Youngest child is starting college; parent is unemployed. Will the FAFSA consider the following, or will they be ignored for financial aid calculations? Retirement benefits (social security) ...
aparente001's user avatar
3 votes
2 answers
2k 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 ...
FAFSA Recipient's user avatar
-1 votes
1 answer
108 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 ...
frustatedpax's user avatar
2 votes
1 answer
191 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 ...
The T's user avatar
  • 143
4 votes
2 answers
354 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 ...
adam.baker's user avatar
3 votes
1 answer
107 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 ...
Jason's user avatar
  • 1,199
5 votes
1 answer
511 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 ...
Michael J.'s user avatar

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