Fafsa questions about parents income reddit , but when my dad adds up the money he made before he became unemployed, that is much above the total. Yes, really. Mar 22, 2025 · The most confusing part of the FAFSA® might be the income section, since there are various questions about taxed and untaxed income. The fafsa asks for my parents tax income information from 2021. I am not eligible for any financial aid using the higher income parent but they also don't provide me with any support anymore. In your case, your spouse is a required contributor. My mom is currently unemployed and has been since early 2022. The following persons count in the household size of a dependent student’s parents: The student and parents, even if the student is not living with them. based on your parent AGI you don't qualify for Hi, I'm looking to answer the question about my dad's income, but he became unemployed in 2020. This subreddit is unaffiliated with the Ministry of Colleges and Universities. How much or if it even reduces the EFC in practice depends on other answers on the FAFSA. My mom does not work because she is physically unable to and receives disability (which isn't a lot), so my dad is the parent I put on my FAFSA. I also didn't get nearly enough federal loans or even work study!!!! The Reddit Law School Admissions Forum. S. now with the 22-23 one I received an email telling me that - well pretty much whats called the Working on my FAFSA now, and I was assuming I would not need to enter my parents' financial information since I'm 26 and considered an "independent student. I also receive almost 50k in untaxed income, including child support. When you are filling out the FAFSA, one of the questions will ask you if you find yourself in a special circumstance where you are not able to provide parent info. We have gotten at the end of the fasfa and noticed no where did it ask us “is your family member a dislocated worker” we are at the end of filing and the question is greyed out and it is not allowing us to answer it. When it comes to filling out the FAFSA, it sounds like you will want to do a dependency appeal if you have been kicked out of your house and no longer have contact with your parents. I wrote a letter explaining my goals. However many students had slight differences between the 2 FAFSA's simply due to use error, I think most financial aid administrators would agree that the Multi-Year Conflict which is a review triggered by info not matching between these 2 FAFSA's was extremely common for the 17-18 FAFSA. So my parents filed a 1040 and to find their income tax FAFSA says that it is "Form 1040-line13 minus Schedule 2-line 46". I know if my parents income is under the $49,999, then asset questions can be skipped. What can I do? I've tried searching on google for answers but all I come up with is the same thing and that form 1040 changed this year so many people won't have to file schedules. So a student with a 0 EFC or a 999,999 EFC will qualify for the same in unsubsidized loans. Does that mean I can't get financial aid as an independent? I did some calculations punching in hypothetical income for my parents and it's only giving me loans instead of "free money/Pell grant. I have pretty specific questions. I’m thankful. I've tried finding it but there is no line 46. ☺️ The FAFSA form has not asked about any assets. Data for your need-based financial aid will come from your FAFSA, and purposely providing false/misleading information on the FAFSA can result in a $20,000 fine or prison time. Good luck. Yes, as Dependent's parent, it's through Mom. Changes this year have some circumstances where families do not need to report their assets one of the situations being if they’re adjusted gross income is under $60,000 from 2022. I'm 25 and while filling out the fafsa form, they labelled me an independent because of my age, even though I live with my parents. The other school doesn't require the parent information so obviously I'd prefer not to include it in case I can get more financial aid from them. Armed Forces apart from the family. Questions 58–59: Parental Marital Status You're not the first person to try this technique. As someone in legal guardianship, she will qualify as an independent student for financial aid purposes. Our FAFSA correction was finally resubmitted and now is showing an SAI. Parents have even claimed "separation" as a form of loophole to get aid. but there is still a red exclamation mark at next steps. Apparently, parents are just expected to pay for college for their adult children. Posted by u/Mangon09 - 3 votes and 1 comment Changes this year have some circumstances where families do not need to report their assets one of the situations being if they’re adjusted gross income is under $60,000 from 2022. Parents are divorced, one parent's income is lower but they provide majority support for the student so the student lists them on FAFSA. You must now consent to having the department of education pull your info from the IRS. I'd expect to add an extra 5 minutes for each extra contributor on your account (i. It is not enough info. hi, so my dad got into an accident at work years ago and he has received weekly workers compensation checks for years for not very much money. Low-income students have the 8% shot at the dream of going to an elite school with all costs covered, but I've got a guarantee that I'll be able to afford my state school no matter what happens with financial aid and that makes me a whole lot luckier. Apparently, the issue was one of the other questions about free lunches and other. Exclude a parent who has died or is not living in the household because of separation or divorce, but include a parent who is on active duty in the U. When it got to my section as a parent, I filled out our family filing status and gave approval to pull directly from the IRS. if your parents are NOT willing to give their info, you will only be able to apply for a direct unsubsidized loan. . Parent has a Form 1099 but FAFSA asks "Enter the amount of your parent's income tax for 2020". The only thing it asked was for assets. I know for sure in past years it has asked about how many dependents my parents have and income information but it didn't ask any of that? That doesn't qualify you for the reduced lunch program but it is based on your parents' income. Source: my parents were separated but not divorced the entire time I was in college. This is also should not affect your health insurance you receive from your parents' jobs as they can have you on it no matter what (currently under the law Disclaimer: Please note the information provided by our members is not (and should not) be interpreted as legal advice. I did notice that the area stating family size and earned income credit are both blank (we did receive earned income credit that year). Beyond an explanation to each school, it may require a financial aid appeal if they still don’t believe you. It will simply ask if your parents are separated and then what the income of the primary parent is. Student A does not qualify for any financial aid. Please use the search bar before posting your question for similar questions answered in the past. I’m a financial advisor and my best advice is to provide the information that FAFSA ask for. They might have you document that your parents are unwilling to provide support and allow you to receive unsub only loans. Because of my dad's income, I am ineligible to receive pell grants. Another option could potentially be to fill out the FAFSA and indicate that you cannot provide parent information. It did not ask for any income when I did the parent portion and my husband her dad never received his email to answer his parent questions. If your income’s low enough to skip assets, you’re likely eligible for pell grant. I called a few schools this afternoon to ask if they require parental information for independent students, but no one answered. so i applied for the 2022-2023 FAFSA and it was received and processed and completed practically automatically. Is is then used to assess your eligibility for federal (dept of Ed) and institutional aid. Since she had no income in 2022 she had no financial questions. When your application is completed and fully submitted, you will be met with a confirmation page that details your next steps! The final section of the FAFSA has questions about the: Student’s income; Spouse’s income; Financial assistance received; Untaxed income The 24/25 FAFSA wont even ask you for tax forms anymore. All standalone posts on these topics will be removed. If you lived the same amount of time with each divorced or separated parent, give answers about the parent who provided more financial support during the past 12 months or during the most Federal Student Aid offers resources and tools to help students manage their financial aid, including loan repayment options and FAFSA application. You're not the first person to try this technique. Check out the sidebar for intro guides. Dec 31, 2024 · The only question it asked about either of my parent's income regarded the "foreign earned income exclusion". I find it really aggravating that I have to put in everything under the sun about my parent's finance and tax information. I want to know if it's alright to not declare child support? It feels like fraud to just omit over half of our income. A question we filled joint tax return my son sent the invite to his dad they r saying wait before u fi the info for tax because they r verifying the ID should it be ok to wait because my account can't create and can't get hold of anyone they r saying I have account with old last name if anyone knows how to submit the form for name change and fix the issue really appreciate so frustrated right now February 2001, I visited my university and met with the Financial Aid Director. Your stepfather is considered a parent for FAFSA purposes, so his name/SSN/DOB need to be on there and all his income-assets included. Department of Education process designed to ensure information reported on the FAFSA is accurate. Contributors may provide general information and advice to students seeking help with applying for financial aid, but all students must understand that the best resource they can seek is the financial aid office at the school they are attending. Can I use the lower-income parent on my fafsa, if they have also provided less financial support in this past year? I haven't lived with either of them for 9 months. Nov 27, 2023 · In past years, including the 2023-24 FAFSA, the parent you lived with the most over the past 12 months was the primary parent responsible for filling out the FAFSA. So I went through the 2017 tax forms and reported only income and taxes and such which applied to my mother. Then she received and email with her SAI & it stated she would not be eligible for Federal Pell Grants. Also grad students are not eligible for federal need-based aid, only unsubsidized loans. This subreddit is a place where high income professionals of all types can ask, answer, discuss, and debate the personal finance and investing questions specific to our unique situations without being criticized, ostracized, or downvoted simply for having a high income and "first world" problems. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. All grad students are independent for FAFSA purposes, and are eligible for federal loans. We don't have anything to complain about. You could then speak with the financial aid office and explain the situation. This article contains a walkthrough of the Parent Financials section and tips on how to complete it. Feb 26, 2025 · Note 1: Contact the financial aid administrator at the college you plan to attend if you need any assistance with answering this question. After that the school will ask for additional things. You only have to answer yes to one of these 13 questions then you are considered an Independent. I’m trying to complete my FAFSA right now and I got to the parent financials section and they’re asking me to input information from my moms 1040 Form, specifically the lines: I was trying to fill out a FAFSA form yesterday. Instead they are sticking parents with the responsibility of paying for the education of their ADULT children and so they are basing these adult children’s financial aid on the income of their middle aged parents who are supposed to be saving for their own retirement and not paying for the education of another adult…. The Reddit Law School Admissions Forum. I received the Earned Income Credit in 2022 as my work income is low. If your parents are divorced or separated and don’t live together, answer the questions about the parent with whom you lived more during the past 12 months. Sure thing!! If you're worried about cost, look into community college dual enrollment options. The laws regarding this question have changed a lot over the last few months. Now I’m worried I might have skipped a whole page, did anyone else have only two questions? Get the Reddit app Scan this QR code to download the app now FAFSA Divorced Parents Income Question This is a place for Financial Aid Admins/techs/other Depending on you (or spouse or parents) meeting certain income and tax filing conditions, certain questions about assets are indeed OPTIONAL and can be skipped. Fafsa itself will not ask for additional documentation. io/ Whether you're a new resident with questions about credit cards and cashless payment options, a long-term resident curious about pensions and life insurance, or a digital nomad wanting to talk crypto gains and tax treaties, this is the sub where you'll find informed discussion, friendly advice, and high-quality answers with links to reputable sources. For income, the IRS tool takes care of that and takes in the 2022 taxes of your parent's to determine that. Posted by u/Klutzy_Leather4637 - 1 vote and 1 comment Nope, FAFSA is a big old pile of crap if you have parents that make money. Even otherwise, if Mom had filed jointly for whatever reason, It's absolutely fine to put only Mom's income on FAFSA 2023-24 cuz there's not going to be any Dad's income that would be supporting you anyway. FAFSA 2023-24 needs income info from 2021's 1040 only. Reddit comments are not legal advice and do not replace consulting a qualified, licensed immigration professional. If your mother is currently married to someone, their information needs to be included on your FAFSA. The FAFSA will exclude any income or assets you enter for your parents in those fields. There are a few things you should keep in mind when filling out these FAFSA® questions to help you get as much aid as possible for school. Their other requirements based on tax forms used to meet the qualification, but ultimately depends on the household income for your FAFSA. But child support is apparently counted as an asset in the new FAFSA. For the second question I wasn't quite sure what your response to that was. My FAFSA shows that I'm considered an independent student then gives the option to list parent information anyway. And lemme tell you - we need all the Pell grant we can get. But fafsa for some reason asks for gross, I think they assume the W2 but it is not W2, its 1099 and there is no field for 1099 Instead they are sticking parents with the responsibility of paying for the education of their ADULT children and so they are basing these adult children’s financial aid on the income of their middle aged parents who are supposed to be saving for their own retirement and not paying for the education of another adult…. However, this can be a tricky game specially if you get selected for verification or just randomly pulled by your school if you put your mom's information and she has no income to back it up. If you want money for college, you should submit a FAFSA if you are eligible to do so . Oct 10, 2022 · All questions on the Free Application for Federal Student Aid (FAFSA) can generally be answered in an hour or so, but some of the questions may be a bit confusing. e. He wants me to file as an independent (even though I don’t even pay my damn phone bill) so I can get money but I don’t get to check a box that says “independent “ or “dependent “ I just answer questions and they decide for me. While it's not technically required by the feds, her school will likely ask for proof of her guardianship, so be sure to have the court forms handy. The parent form is the same thing as the contributor form. Yes, skip. If you have any questions reach out to the FAFSA customer support center or the university you are applying for financial center. Contact the financial aid office as soon as possible so you don’t miss any financial aid deadlines. It only took me about 5 minutes to complete as a Single, Independent Student who's exempt from asset reporting. so, if your parents ARE willing to provide their financial info, you click no (bc the question asks if they’re UNwilling). I'm wondering if I can I submit my FAFSA to the school that doesn't require it, wait for it to be processed, and then change the form to add the parent info for the other school that requires it. Before I bother the financial aid offices, are there any consequences to adding parent info in regardless? The Reddit Law School Admissions Forum. Think about how FAFSA financial aid could easily exacerbate the current system: Student A from middle class background goes to medical school. REMEMBER OPSEC. parents, step parent of custodial parent, spouse, etc), and another 5-10 minutes if you're required to report assets. So not recommending to lie, but students who are not claimed under their parents for tax purposes do not need to fill out parental income section of fafsa as they are considered independent. The best place on Reddit for admissions advice. What if I'm a 25 year old who's done some time on his own, not financially reliant on my parents and wants to receive some sweet, sweet financial aid? As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. The best thing to do is explain that your absent parent will not contribute financially to your education when you fill out the financial aid applications (for the schools; FAFSA doesn’t allow explanations like this). Good day, I'm going back to college and its my first time applying for any sort of financial aid. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. The Patient Protection and Affordable Care Act (PPACA), informally referred to as Obamacare, is a United States federal statute signed into law by President Barack Obama on March 23, 2010 after nearly a year's worth of overall consideration by both chambers of Congress. FAFSA will always care about your parents income regardless of yours. " I'm currently 23, living in WA, and my gross income is around 60k (2022) and about 75k (2023. It was quite simple. You should always contact your schools financial aid office for more complex questions as they will have access to your file. All questions about federal student aid, the FAFSA, and financial aid verification must be posted on this thread. Student A graduates with 200-300k+ in debt (maybe more with undergraduate debt, however I don't know if this is taken into consideration on FAFSA). I think this is the case. I was doing my parent’s section of the FAFSA and I only two financial questions which were about scholarships and foreign income and that’s it. That income information will rely heavily on your taxes filed but not your current one, so if you're file the 2023-2024 FAFSA, you will use income files from 2021. Then the next question being questions about my parents income. To add onto this, there are about 13 questions on the FAFSA that determine if a student is an Independent (and therefore parent information is not needed) or dependent (parent info is needed) for FAFSA purposes. Maybe a little more work on my side to be sure I answered every question factually as possible. " My brother is five years younger than me and so he is not in college yet, but my mom is currently attending college. Parent did not file taxes in 2020 I barely qualify for any financial aid because my dad makes 80k. On his w-2 form, it shows that he made a certain amount total from wage, tips, other comp. This is primarily a US Navy-centric subreddit, but all are welcome. I couldn’t even create an account for one of them, and now that I did, she can’t fill out her portion. Sowith that answered correctly, the financials are greyed out. I submitted all my bank statements and tax returns, W-2s, lease for rent showing only my name . github. Step 1: Fill out the FAFSA honestly. Here is the most recent FAFSA guidelines law regarding divorced/ separated parents: "If your parents are divorced, separated, or never married, and don’t live together, the parent who provided more financial support during the last 12 months is the contributor and must provide their information. recently, the company didn’t want anything to do with him anymore, so he got a settlement for around 800k with no more weekly checks. The fundamental elements in this standard formula are the student's income (and assets if the student is independent), the parents' income and assets (if the student is dependent), the family's household size, and the number of family members (excluding parents) attending postsecondary institutions. Jan 6, 2016 · Has anyone skipped these FAFSA questions and had any issues with private colleges that require CSS profile too? Yes you should skip. however, I immediately following that filled out the 2024-2025 FAFSA form. The Financial Aid Director did an override as I proved I was independent. He refuses to give it to me. The FAFSA form told me to list ONLY the income of one parent, and only allowed me to input information for one parent. Wiki at: https://japanfinance. Since her EFC was 0 she was selected for verification due to parent income. FAFSA form and then immediately get in touch with the financial aid office at the college or career school you plan to attend. FAFSA EFC, by itself, does not tell students what they can expect to pay. I'm 25 and while filling out the fafsa form, they labelled me an independent because of my age, even though I live with my parents. Note 2: The financial aid administrator at your college may ask you to submit a copy of the determination. Moreover, my guess is, Medicaid recipients households generally fall below 100%-133% FPL income limits, and FAFSA income limits are 175%-225% FPL for an automatic SAI=0 eligibility. Still filed them as separated. Jan 6, 2025 · If our parents income differs from 2023 to 2024, do we need to tell our financial aid office at our university? My dad was the only parent that worked for the majority of 2023 with the exception of the last month where my mother started her job. It is what it is. Federal Student Aid offers resources and tools to help students manage their financial aid, including loan repayment options and FAFSA application. ) Appreciate all the help! r/FAFSA: FAFSA - Free Application for Federal Student Aid Most schools simply will not direct need based money to independent, poor adults with wealthy parents, when there are plenty of equally poor independent adults whose parents could not help them even if they wanted to. The issue is that the net income is 40K (real income) but the gross is 180K (without expenses). i applied for this because I couldn't recall if I filled it out last year or not though I believe I did. Otherwise, you will complete the 24/25 FAFSA and mark the dependency question and most likely will have to go through some form of verification with your institution(s). At least in my state (California) they also have the California College Promise Grant (can waive fees for community college), and if you get an Associate Degree for Transfer (ADT) you are guaranteed a transfer spot to a CSU campus In order for me to sign my fafsa, I need my dad social security number. The decision was hers. Do not post your command or name! Post all questions and discussion about recruiters, MEPS, the Delayed Entry Program, Enlisted Ratings, "A" Schools, Officer Candidate School, Boot Camp, and transferring to your first command in our sister subreddit, r/newtothenavy. OSAP Q&A subreddit The Ontario Student Assistance Program ( OSAP ) is a financial aid program that can help you pay for college or university. Feb 26, 2025 · If the individual is a dependent, then the parents must also sign the FAFSA. I know for sure in past years it has asked about how many dependents my parents have and income information but it didn't ask any of that? Did anyone experience this? Learn how to answer parent household information questions in the 2024-2025 FAFSA, including family size, number in college, and federal benefits received. Based on that income you're going to be eligible for maximum aid. There's also a process called Financial Aid Verification, which is a U. All… Yes, as a 24 year old you are considered independent and don't need your parent's income, but thats only to substitute with your own income. Answering assets might lower how much pell you get. The majority of my family's income comes from child support. I just needed a place to vent on this as well. Sep 20, 2022 · Filling out the FAFSA is a tedious, but important process. The FAFSA is designed by the dept of Ed, yes. Step 3: If you don't hear back from the financial aid office within about a week, pick up the phone and call them about it. None of this income is reported to the IRS. This means her financial aid eligibility will be based solely on her income and assets. Have to answer "no" to fill out the FAFSA properly. We would like to show you a description here but the site won’t allow us. both of my parents are unemployed, but my dad but a house to rent FAFSA form and then immediately get in touch with the financial aid office at the college or career school you plan to attend. You would have to provide information from your parents income as well as your income for the 2021 tax year if you’re filing for the 2023-2024 school year. I should caveat this by saying that you will get the most accurate advice on this topic by making an appointment with a financial aid counselor at your school, as there is some variation between schools. Many colleges require additional forms such as the CSS Profile or the college's own form, considering both income and assets and often noncustodial income and assets as well, and each college has its own level of available resources and uses its own unique formula in calculating need. The county provides it, regardless of income. As a former financial aid counselor I wouldn’t worry so much. Any amounts greater than $0 in 43a-f work towards reducing the EFC in theory - this is based on the federal formula for the EFC. My mom filled that out too and much of the financial information was accessed through the IRS tool. As a parent filing out the fafsa for two students I am right there with you. I gave my daughter a copy of my Social Security Award Letter and VA Compensation Award Letter to turn in to the Financial Aid office and it was cleared the same day. Questions: is proof of majority of support required? is the other parent listed at all, anywhere on the application? If yes, what kind of information is requested about the In 2019, the first $1,100 of a child’s unearned income qualifies for the standard deduction, the next $1,100 is taxed at the child’s income tax rate, and unearned income above $2,200 is taxed at the parent’s marginal income tax rate. In that case don't sign the box (not worth the trouble because schools will figure out in one second i. This year's FAFSA pulls income from IRS tax filing, checks if 1040's AGI is less than 175% of FPL (dependents with parents filing jointly or separately). I guess if you meet any of those conditions then they don't ask. Your income and your parents’ income don’t matter at the grad level. Thanks for the help, and have a nice day! So I misunderstood the question about he earned income credit question and put in no and zero on the form, but now I just found out that I did have it for my 2022 tax form but it was really low, like around 30 dollars. " I've been working and supporting myself since sophomore year of my undergrad program, so of course my parents' finances have nothing to do with my ability to pay for law school. If anyone in Mom's household received any of those benefits in 2022 or 2023, FAFSA gives you that assets exemption. I don't know if that applies only to assets under my parents name or it can include assets under my name? Depending on your income it may be more beneficial for you to have your parents included on your FAFSA. This is due to you being under 24, you are still considered a dependent of your parents pretty much no matter what, despite a few circumstances such as if your parents were incarcerated. 4K comments. You might know that your parent income alone doesn't qualify for free or reduced price lunch. And answering a question wrong There is a tab listed under the Disclose Parent Income. However, it’s also the most important determinant of your SAI. The financial aid administrator will tell you what to do next. Mom & Dam might have fled taxes for 2020 jointly, but not for tax year 2021. That said, certain states do require these questions to be considered for state-based aid, so you'll want to make sure that you don't live in such a state. Step 2: If you see a notification that says your school needs more information, use the template below and send an email the financial aid office. I didn’t have any questions on savings or assets. This is a place for Financial Aid Admins/techs/other administrative employees to provide valuable information to students and parents, to better assist them with making their Financial Aid choices. If AGI is less than 175% then it gives an automatic SAI = 0, gives automatic exemption from asset reporting, and thereby asks no asset questions but simply grays out relevant asset questions On the FAFSA, there is a question asking, "How many people in your parents' household will be college students between July 1, 2021 and June 30, 2022? Do not include your parents. I am married to the non-custodial parent of a 17yo, and while my income is NOT going to be included on the FAFSA, her "dream school" and several other private schools she plans to apply for use the CSS, which absolutely includes the non-custodial parent and their spouse (me), income and assets. The FAFSA form has not asked about any assets. 366 votes, 1. Neither students nor parents put any manual tax information. Questions 58–59: Parental Marital Status The Reddit Law School Admissions Forum. With the FAFSA “Simplified” changes enacted into law for the 2024-25 FAFSA, it requires all contributors (parents, spouse) to create an FSA ID to fill out their section of the FAFSA to provide consent for their 2022 tax information. ymcntlmw srffdr cisuvo oci cdno ccr ebj ray neellb kta