Parent's income and fin aid

[personal jesus]

Advertisement - 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]

You might get a better answer in the financial aid forum. 🙂

 

[mpp]

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]

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]

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.