Learning Library Quick Answers Financial Aid Planning

Can a 529 be used for mortgage payments and/or food for married grad students?


Answer: A 529 can be used for housing allowance and room andboard (as determined by the school) for students who live off campus. ....

Can a client include his live-in girlfriend as member of the household on the FAFSA?


Scenario: Parents are divorced. The student is living with dad and his live-in girlfriend and child. Since the dad and girlfriend ....

Can a grandparent be included in the "number living in household"?


Scenario: Grandma liveswith the family and files her own tax return. She is self-sufficient, pays no rent, but lives with the fami....

Can a parent defer a PLUS loan payment while their child is in school?


Answer: Parent loan payments can be deferred. The parents mustrequest a deferment while their child is in school. Scenario:Of prin....

Can a Stafford loan be taken out for tuition at a community college?


Answer: Yes, Stafford loans may be used at community colleges as long as they are federally accredited (eligible to receive federa....