Learning Library Quick Answers Financial Aid Planning

Is my child considered an independent if she moves out of the family home and supports herself?


Scenario:If my child moves out and lives on her own, is she considered independent for financial aid? Answer: Not necessarily. To ....

Is property tax and insurance included when the Profile asks for a mortgage payment?


Scenario:The Profile asks for a mortgage payment. Is this to include property tax and insurance if they are paid separately? Answe....

Is the child's financial aid income reduced by putting money in an IRA?


Scenario:Aid is reduced if the student earns above $6,000. The unearned income (investments) affects the student in any case from ....

Is the Robert C. Byrd state scholarship only paid if the student attends college in state?


Answer: No. Under the eligible student definition (Sec. 654.40), the student must be a legal resident of the state to which he or ....

Is there a financial aid benefit for parent(s) to enroll in college?


Answer: Having parents enroll in college was a FAFSA strategy several years ago, but the FAFSA specifically excludes parents when ....