Learning Library Quick Answers Financial Aid Planning

How should dual citizens, that permanently reside in the U.S., proceed with financial aid?


Answer: Fill out the FAFSA. For federal financial aid purposes there is eligibility for non-U.S. citizens if they meet certain req....

How should same sex couples, legally married or otherwise, approach financial aid forms?


Answer: The federal government now recognizes same sex marriages. From the Department of Education's Verification guide: "Same sex....

How should tax returns and the FAFSA be handled in a divorce case?


Scenario: Father filed for divorce two years ago. They are still not officially divorced, so they are still filing a joint return.....

How should we report a trust from a grandparent?


Scenario: A client has been told that his daughter will be gettinga trust from the grandparents. However, he has received nothing ....

If a client makes a mistake on the FAFSA, can it be amended?


Answer: Yes, but change it immediately. Assets are as of the day they are reported and can not be updated for changes in value (ma....