I am far from an expert on financial-related things and could use some insight on this situation I'm in. From what I've gathered, it's best to submit the FAFSA as soon as possible to be considered for school-specific scholarships. Also, even if you're completely independent, you have to list your parents' financial info. However, I'm in a bit of a pickle where my parents both took all of their money out of their retirement accounts this past year to essentially give me an interest-free loan for some of the cost of medical school (I'm super blessed here). Their household income is not very high, but on paper, taking this money out makes it seem like they make way more than they actually do. If they wait until they file their new tax returns in late January, it will reflect the actual amount they make, which is significantly less than what it would currently reflect. Basically, what I'm asking is, is it beneficial (beneficial referring to getting school-specific need-based scholarships) to wait until January to have an accurate reflection of their household income that is much lower, or to just submit it as soon as possible, i.e. today?