I'm pretty sure it depends on the school. I don't have to, but I know if I matriculated to other schools on my list I would have had to include parental info.
No, it won't affect your loans, as long as you're talking about federal. The government is the entity that issues federal loans (not the schools), and the government doesn't consider parental information when giving out federal loans.
then why provide it? Sorry, im really clueless on this subject.
You should provide it because it can't hurt you, but it can help you. If you don't enter it, you will be eligible for federal loans, but most schools won't give you any institutional grant aid without it. If you do enter it, it won't affect your eligibility for federal loans, but you may be able to get some institutional grant aid as well.
Is that affected by my parents income? Also my school did not offer me a scholarship so I am unsure if that applies (or if we are even talking of the same thing)
It is affected by your parents' income and wealth. Your parents don't have to be poor for you to receive institutional grant financial aid, but you can be pretty sure you won't get it if they have a net worth of $100 million or something.
thanks a lot. It makes sense now. Thank you for helping me!!!!
What if you are married with your own kids? If the school doesn't require it, is there any benefit to asking for it? I didn't need it for college or grad school, and at this stage it just seems intrusive to ask for such personal information.
You're welcome! In response to your question, most schools have them. The best way to find out about your school in particular is to look through their financial aid information and then contact them if you can't find that information.
Even if you are married with kids of your own, many schools still require that if you want to be considered for institutional need-based grants. If you do not want to be considered for those and/or you feel that you would not qualify, you don't need to supply your parents' information. If you think you may qualify and want to be considered, you should check with the school and see if they require your parents' information in order to qualify since many schools require it.
I really don't know. Sorry I couldn't be of more help!
Someone asked this question during one of my interviews. The financial aid counselor said there's no specific income limit he could give because they also consider the size of your household, assets, the number of dependents, and whether or not you have siblings in college.
Def submit the FAFSA for wait lists and also schools where you're still waiting on post-II news. It doesn't hurt.
