Learning Library Quick Answers Financial Aid Planning

Do I report the income invested into contested assets on the FAFSA in a divorce case?


Answer: Client is going through divorce and is filing jointly.If the income is invested into contested assets, do I have to report....

Do we report reporting the whole value of an S Corp on the FAFSA, or only the partner's share?


Scenario: A prospect is in a partnership S corporation with 150 employees and 5 partners total. Do we use the value of the busines....

Does a client need to fill out individual Profiles for each school they apply to?


Answer: Yes, one Profile is filed and all the colleges on the list, receive it. Scenario: If one college states that $xx,xxx be in....

Does a graduate student file the same FAFSA form?


Answer: Yes. To qualify for federal aid (typically the Stafford loan), and in many cases the school's aid, the student must file a....

Does age effect your eligibility for financial aid?


Scenario: I'm 41 years old. My husband and I both work. I'd like to go back to college bit I'm worried about the cost. Is there an....