Quantcast

Parent's income and fin aid

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.

personal jesus

Senior Member
7+ Year Member
15+ Year Member
Joined
Apr 29, 2003
Messages
167
Reaction score
0

Members don't see this ad.
So generally speaking, around what income do your parents disqualify you from getting institutional aid? Also how much does having a sibling in college mitigate against your parent's income.
 

KyGrlDr2B

Full Member
7+ Year Member
15+ Year Member
Joined
Oct 15, 2001
Messages
2,045
Reaction score
0
You might get a better answer in the financial aid forum. :)
 

mpp

SDN Moderator
Moderator Emeritus
15+ Year Member
Joined
Jan 18, 2001
Messages
3,403
Reaction score
27
Institutional aid is entirely institution dependent. Some institutions (some medical schools that is) don't even ask for your parental income when they give you institutional aid.

Having another sibling in college will effect your EFC if you are including parental information on the FAFSA.
 

OSUdoc08

Membership Revoked
Removed
15+ Year Member
Joined
Sep 30, 2003
Messages
7,684
Reaction score
6
No, your parents are not included. Once you have a bachelor's degree, you are no longer considered a dependent for federal aid purposes. This is according to the FAFSA website, and according to my actual FAFSA application.

This will be based on you only--an independent (also your spouse & # of kids if applicable.)
 

mpp

SDN Moderator
Moderator Emeritus
15+ Year Member
Joined
Jan 18, 2001
Messages
3,403
Reaction score
27
However, to be eligible for institutional aid, some schools require your parental information regardless of your marital status, age, or educational background. They may make exceptions at times.
 
Top