Can anyone help me with this please:
1. My parents claim as dependent in their joint return, and I file my tax as individual without claiming me as an exemption( I had less than 2500 as income),
OR
2. My parents file jointly without claiming me as dependent ( they will end up paying more tax), and I file as an individual.
Will there be any impact on the loans given by fafsa , or the additional finaid given by individual schools.
Which is preferable
with respect to fcompleting FAFSA ( for loans)
AND/OR
with respect to the med schools in evaluating their individual financial aid ( loan,grants etc)