Fafsa questions about parents income reddit.
My parents do not have social security numbers.
● Fafsa questions about parents income reddit My parents are separated and live in separate houses but are not legally divorced. , but when my dad adds up the money he made before he became unemployed, that is much above the total. ” I am working on my fafsa right now and I had the same question. Thank you! Ask questions about parenting, licensing, or securing help for your kids. I am dependent on my parents. Includes AmeriCorps benefits (awards, living allowances, and interest accrual payments), as well as grant and scholarship portions of fellowships and assistantships. Edit-I copied that from the 21-22 FAFSA so if you are doing the 20-21 app just push the years back. Private student loans are a different story, however. If no, then answer question 2. gov). The FAFSA form has not asked about any assets. I want to know if it's alright to not declare child support? It feels like fraud to just omit over half of our income. Requires 2018 tax information. /r/StudentLoans: Reddit's hub for advice, articles, and general discussion about getting and repaying student loans. Reddit's hub for advice, articles, and general discussion about getting and repaying student loans. There's a "relatively" low limit for Federal Student loans (for undergraduates), so in theory there's an upper limit on how much trouble someone could get into. FAFSA and the department of education does not care that you live alone and that your parents do not support you financially, if you are under the age of 24, you have to put your parents information on the fafsa form. This is an unofficial forum for USPS employees, customers, and anyone else to discuss the USPS and USPS related topics. RepresentativeDisk12. Does anyone know if there is a risk in me filling out this government document? Does it raise red flags? I So I'm doing my FAFSA right now and one of the questions it asked me was whether I wanted to skip questions about my assets. I’m a financial advisor and my best advice is to provide the information that FAFSA ask for. Now I’m worried I might have skipped a whole page, did anyone else have only two questions? If your Parent has 0 income, especially if you have siblings, and your Parent can reasonably sign the FAFSA. Hello everyone. FAFSA Parent Income upvote Depending on you (or spouse or parents) meeting certain income and tax filing conditions, certain questions about assets are indeed OPTIONAL and can be skipped. You start the CSS Profile by putting in information about your custodial parent, but part-way through, they will give you instructions for a non-custodial profile form for your second parent to complete separately. import information from the irs and the application uses skip logic meaning you could be not required to answer certain questions. Line 1 is wages. Then the next question being questions about my parents income. We're called No Stupid Questions because we believe nobody needs to be attacked for asking a question, but that doesn't mean there are no We're parents of a daughter who will be starting college this fall, and I'm wondering the same thing about our FAFSA application. Offer a theory, share Other than an odd question about taxes on previous scholarships, there were no financial questions at all. The county provides it, regardless of income. Since it does this, you do not need to manually input any info unless you have a The FAFSA requires tax information. And yeah, income/assets and taxes paid are converted to U. Since her EFC was 0 she was selected for verification due to parent income. So this year It is a total of The form asked basic questions like full name, residency, ssn etc. 5 times their normal income. Please use the search bar before posting your question for similar questions answered in the past. So the FAFSA asks for the amount of my parents' income tax, and says that to find this you should subtract Form 1040 Line 46 from Line 56. FAFSA questions posted on r/college must be in this thread. Sowith that answered correctly, the financials are greyed out. (If you also Start the FAFSA! If you or your parent are given the option to use the IRS Data Retrieval Tool, use it! It will drag tax information from the IRS straight to the FAFSA and save you a lot of time. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. My parents are divorced, both are remarried and have kids with their new spouse. However, for my parent's tax return Line 22 is empty, and my parents seemingly did not file a schedule 2. I at least want to put down the (interest + dividends / 2) as my mother's 'adjusted gross income for 2018,' but I don Yes, as Dependent's parent, it's through Mom. line 7 on the 2018 1040 is AGI. My parents have been struggling financially so I want to pay for school by myself. TLDR: unemployment tax amounts changed after people had already filed their 2020 taxes and now AGIs are wrong for tens of millions of people, making students appear ineligible for Pell grants and other income-based funding, and it is on students yes i’m 19. Gather all necessary documents, including bank statements, tax information (W-2s, tax returns), any records of untaxed income, etc. Start the FAFSA! If you or your parent are given the option to use the IRS Data Retrieval Tool, use it! It will drag tax information from the IRS straight to the FAFSA and save you a lot of time. r/ApplyingToCollege is the premier forum for college admissions questions, advice, and discussions, from college essays and scholarships to SAT/ACT test prep, career guidance, and more. However, it's not required for graduate students to use their parents' information to receive financial aid (confirmed by I just needed a place to vent on this as well. 2020-2021 school year: Use the 2020-2021 FAFSA, which opened October 1, 2019. The FAFSA wants us to input our AGI, income tax, and other sources of income (which is also $0, except for the foreign income). But Step 1, before you do any of this, is to review the FAFSA questions both you and your Mom answered. 99% of the time, if you leave out your parents info, it means you’re only going to be getting I'm 25 and while filling out the fafsa form, they labelled me an independent because of my age, even though I live with my parents. tax return. Parent income not asked? upvote Another person told me to write my mother's income as the amount of interest + dividends my parents made last year, divided by 2, because they share these profits equally. Your brothers age and status on his own FAFSA are irrelevant. Anything that is blank on the tax return is reported as zero on the FAFSA. If your school questions the difference, they may ask you to go back and correct your mistake from this year. have never filed taxes before lol and they could see that my income was 0. Would I just fill in 0 for this question? Hi, I’m a current rising senior and had questions about FAFSA as well as I don’t really know how it works. Student income tax question Read that as a question - " Are You Applying for a Direct Unsubsidized Loan Only ? If you are a dependent student, say 'No' to that and you'll be fine. 5K subscribers in the FAFSA community. Will FAFSA be able to see how much my parents are making and provide me with a bigger award? As it stands right now they said I would be eligible for a So the FAFSA asks for the amount of my parents' income tax, and says that to find this you should subtract Form 1040 Line 46 from Line 56. If you say 'Yes' by mistake, like lot of people did, you would be considered as Independent student, the form will ask you nothing about parents, and will lead you go ahead, sign and submit. If you put your parent's info on the FAFSA, then you can qualify for a maximum of $10,000, but if you only put your own information, then you can only qualify for a maximum of $5,000. Or check it out in the app stores FAFSA - Didn't ask for my parents income from their 1040 . The 1st year my daughter did her FAFSA I only listed my Social Security Disability Insurance pension. ADMIN MOD FAFSA Question about Parents' Info . If the information you entered is correct, make sure the tax information you provide below reflects only the parent's 2022 income. Students with more financial need (based on parent's income) will be given subsidized loans and possible grants. This is strictly in regard to the 2022-2023 FAFSA awarding year/school year, which is based on your 2020 taxes, filed in 2021. ) on our taxes too. there were also other tax related questions like of we had certain schedule (a, c, etc. Will I get fafsa? Parents made 28,000 in 2022 Wasn’t asked for income or even bank account balance on FAFSA for parent or student, did I do When it asks to report our parent's 2019 income earned from work, do we do it before or after taxes??Might be a dumb question but I can't stop If I apply for FAFSA while married and my partner has absolutely no income, would that increase my FAFSA income? Also, would I still be forced to enter my parents information if I’m married? I’m 23 and my parents live in different states and absolutely do not help me at all. It is not If the parent owns a business or is a contracted employee who received a 1099, then their income is listed on Schedule 1, Line 3. Check out the sidebar for intro guides. what should i The Reddit Law School Admissions Forum. dollars. Or check it out in the app stores FAFSA question about income tax . My wife and I both have taxable 'side hustle' income that are not accounted for on W2. My son was asked if he filed a tax return. I filled out my FAFSA and said my parents did not have an Earned Income Tax Credit, but they do. After that the school will ask for additional things. If you want money for college, you should submit a FAFSA if you are eligible to do so. WE ARE NOT USPS CUSTOMER SERVICE - CUSTOMER SUPPORT QUESTIONS ARE NOT ALLOWED - please seek assistance from the US Postal Service for all package inquiries. I’m kinda freaking out and I’m hoping I didn’t do a mistake parents marital status question Advice/Help Needed my father left my family in 2022, and my mother has no income because she does not work. citizen, permanent resident or other eligible noncitizen. It is not enough info. Question 3: Did you live with one parent more than the other over the past 12 months? If yes, then report Colleges that use the CSS Profile (in conjunction with the FAFSA) will often want information for both parents. Then she received and email with her SAI & However, most schools require your parental info if you’d like to be considered need-based grant aid. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. Add a Comment. Start the FAFSA! If you or your parent are given the option to use the IRS Data Retrieval Tool, use It’ll be the number of people listed on that parents tax return for number in household. I do make about 30k so I am not a dependent on my parents taxes. Moreover, my guess is, Medicaid recipients households generally fall below 100%-133% FPL income limits, and FAFSA income limits are 175%-225% FPL for an automatic SAI=0 eligibility. Source: my parents were separated but not divorced the entire The Reddit Law School Admissions Forum. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. FAFSA 2023-24 needs income info from 2021's 1040 only. roughly 47% of your parents income will be considered to be "available" for paying for college. I'm currently filling out the FAFSA for the 2018-2019 school year and I'm at a loss deciding if I should answer questions about my own assets or not, as they give you a choice on the application. There is a tab listed under the Disclose Parent Income. My parents are separated for three years (I think finally starting the divorce process) and my dad still hasn't done his taxes while my mom just won't give me the time of day to help fill out the FAFSA, even if she did at this point I'm pretty sure When a student is determined to be a dependent student (look at the FAFSA, step three - there are 18 dependency questions, if your answer to at least one of them is yes, you are considered independent - otherwise, you are dependent of your parents in the eyes of the govm't) - you must include parent income information in your FAFSA. Do I answer yes or no to this question? How To Answer FAFSA Questions About Parents' Income. Would I still report my parents income or could I report mine? Most forms grey out the “parent questions” for those your age and above. Many colleges require additional forms such as the CSS Profile or the college's own form, considering both income and assets and often noncustodial income and assets as well, and each college has its own level of available resources and uses its own unique formula in calculating My sister (25) and me (21) support the household because my dad passed away 14 years ago. 1 1998, so of they answered yes to that then they are considered independent. Family size Why do they need this info? The FAFSA® factors in your family size when calculating your student’s Student Aid Index (SAI). However I was finally able to do 24-25 FASFA and they never asked me for this amount, only my assets, or the total amount in my checking/savings accounts (and any investments but I Gather all necessary documents, including bank statements, 2016 tax information, any records of untaxed income, etc. I think that Stanford and MIT ignore parental income up to almost 200k. Once asked for the financial information in the parent section, we can't find the Foreign Earned Income Exclusion line on the 1040 form for 2022. I know that with the current amount my parents have in savings I would not be illegible, and the money would be considered as expected financial contribution. Even if you haven’t seen or heard from a parent in years and they are married to millionaires, it counts as an asset to you. For example if you receive federal benefits you are r/ApplyingToCollege is the premier forum for college admissions questions, advice, and discussions, from college essays and scholarships to SAT/ACT test prep, career guidance, and more. It’s now called “family size”. Get the Reddit app Scan this QR code to download the app now. The best place on Reddit for admissions advice. " Most schools simply will not direct need based money to independent, poor adults with wealthy parents, when there are plenty of equally poor independent adults whose parents could not help them even if they wanted to. I am currently freaking out because I may have committed FAFSA fraud for the 2021-22 school year. I am really confused and don't want to lie on my FAFSA. If you don’t work, By clicking “yes” to this question, you will then be prompted to answer additional questions regarding your Schedule 1 form before moving forward to the “Parent Additional IRS One of the first questions it asks is to get your consent to pull your income information directly from the IRS. Since she had no income in 2022 she had no financial questions. Maybe a little more work on my side to be sure I answered every question factually as possible. You MUST be either 24, married, have legal dependents (kids), or in the military to be an independent automatically with FAFSA. The other thing to keep in mind is broadly speaking, a student's income is assessed at a higher rate than a parent's income, so a student making 22k, would have a higher EFC than a student who's parent You would report that your parents do not file taxes, and report $0 when asked their Income. For FAFSA purposes your parents are separated: You answer questions about the parent you lived with the most during the past 12 months. From what I've read on other posts like this is that if youre an independent FAFSA isnt taking your parents income into consideration for your loans. for 2022 my parents annual income was less than 30k(no job), but in the last month my dad got a new job(100k a year) so my estimated tuition was less than Start the FAFSA! If you or your parent are given the option to use the IRS Data Retrieval Tool, use it! It will drag tax information from the IRS straight to the FAFSA and save you a lot of time. I live with my mom and she reported her income on the fafsa but my dad makes a lot more than my mom which will effect the aid I get, and because they’re separated there isn’t space for him to put his info. Parent#2 DID NOT even have an FSA ID account at the time my form was fully submitted. If one parent pays child support to the other parent, the child support paid counts for the payer when determining which parent is a required contributor on the FAFSA form. I have around 30k what I assume is assets, divided up between my checking account, savings account, cash, and stocks. Questions: What should we do on our FAFSA as it does not seem right adding a bunch of $0's everywhere on the parent's financial information section? Should we switch from "Filing a 1040" to "Filing a Foreign Tax Return?" This is a place for Financial Aid Admins/techs/other administrative employees to provide valuable information to students and parents, to better assist them with making their Financial Aid choices. I'm about to turn 21 so I can't file as an independent for three more years. The Reddit Law School Admissions Forum. If pure 50/50, then use the parent with the lowest income. It is what it is. Advice/Help Needed With the FAFSA “Simplified” changes enacted into law for the 2024-25 FAFSA, it requires all contributors (parents, spouse) to create an FSA ID to fill out their section of the FAFSA to The FAFSA should provide the option to import your parent’s tax information directly from the IRS (DRT Tool). On his w-2 form, it shows that he made a certain amount total from wage, tips, other comp. So my sister is the one who pays the rent and I do any other misc bills. While the info pulled from my tax return wasn't visible (which was a majority of my income info, the student's FAFSA form walks through asking questions about the parent(s) SSNs, birth dates, parent's earned income and parental assets. Thanks for the help, and have a nice day! The Income Tax Paid section says its calculated through the 1040 Line 22 minus Schedule 2-Line 2. That said, certain states do require these questions to be considered for state-based aid, so you'll want to make sure that you don't live in such a state. According to the FAFSA website, I am able fill out the application and put 000-00-000 for their numbers. IF NEEDED, OFFICIALS MAY SEND MODMAIL WITH QUESTIONS. FAFSA Divorced Parents Income Question Financial Aid/Scholarships So I am a senior in hs applying to FAFSA for the 2023/24 school year, I understand that the rule is to use the parent that gives the most financial aid, however my Mom makes less than my Dad, in which I Get the Reddit app Scan this QR code to download the app now. " I've been working and supporting myself since sophomore year of my undergrad program, so of course my parents' finances have nothing to do with my ability to pay for law school. Advice/Help Needed I was doing my parent’s section of the FAFSA and I only two financial questions which were about scholarships and foreign income and that’s it. When it got to my section as a parent, I filled out our family filing status and gave approval to pull directly from the IRS. FAFSA - Free Application for Federal Student Aid. So you’ll be using your and your parents’ tax returns to complete it. But under the new FAFSA rules (issue 2 above), it can't be split, and is instead for EACH child. However, if your parents work but do not file tax returns, it will be extremely difficult for you to satisfy colleges’ requests to verify your family income. Financial aid office hasn’t been very helpful. However, my parents do not claim me as a dependent, I claim myself. All grad students are independent for FAFSA purposes, and are eligible for federal loans. Ask questions about parenting, licensing, or securing help for your kids. Once the parent who provides more than 50% of the financial support for the student has been determined, that parent (and their current spouse, if applicable) should report I'm a parent, and my financial questions were geared toward me. Standalone posts will be removed. The parent form is the same thing as the contributor form. In these situations, kids from high income families will be put at a serious disadvantage to kids from low income families if the parents just decide to dip out. Good day, I'm going back to college and its my first time applying for any sort of financial aid. Because I turn 24 in the Fall of 2024 (before Dec. FAFSA's sections that ask about the amount of your parents' income from work usually refer to the federal tax return filed two years before the award year. Members Online • burpingblood. It was quite simple. This means that any contributions made this year wouldn't really affect aid eligibility and amounts until 2 years out. At one of my interviews (SLU) they told us to put our parents on FAFSA no matter what. Mom & Dam might have fled taxes for 2020 jointly, but not for tax year 2021. We don't have extremely high income but we do have abundant college and other savings and assets so that we don't expect any financial benefits at all from our (still being processed) FAFSA application. They are able to do that because of national healthcare, college is free or super cheap (under 5k), better public transportation so less need for cars. they will be identified by having something like "SCH" or My parents do not have social security numbers. Include wages, salaries, tips, and commissions. the largest community on reddit discussing education and student life in Singapore! SGExams is also more than a subreddit - we're a registered nonprofit that For financial aid purposes being an independent means parent information is not included on the FAFSA. I have two kids in college. r/SeriousConversation is a subreddit for in-depth discussion. Parent#1 was able to move on with rest of the form, sign and submit. Members Online • CrimsonZ19 . If your income and parent income (added together for Parent AGI on chart) is higher than on this chart, that may be the reason you didn’t qualify, this doesn’t take into account assets. The problem is my parents got laid off towards the end of the year (on purpose by the company to get them laid off before filing taxes), and got severance packages which boosted their taxable income by a lot, by almost 2-2. As to your question about the Pell award being different between the 16-17 FAFSA and the 17-18 FAFSA by a factor of $50, in 16-17 the max Pell award was $5,815 and in 17-18 it is $5,920. I just (yesterday) helped my son complete his FAFSA. Working on my FAFSA now, and I was assuming I would not need to enter my parents' financial information since I'm 26 and considered an "independent student. Reddit comments are not legal advice and do not replace consulting a qualified, licensed immigration professional. My parents kicked me out at 18 with borderline nothing, refused to fill out FAFSA, and refused to help me financially with anything. I just recently did 23-24 FASFA and they asked for my gross annual income like normal. My families income was something like 98k for last Apparently, the issue was one of the other questions about free lunches and other. Is FAFSA requiring you guys to answer about your parent's assets for 2022-2023? I remember last year the question was optional and now they're requiring an answer for it. You probably cannot change the household size on your FAFSA because you reported earlier that you are not married, you do not have any children or (dependents other than children) that you A question we filled joint tax return my son sent the invite to his dad they r saying wait before u fi the info for tax because they r verifying the ID should it be ok to wait because my account can't create and can't get hold of anyone they r The Reddit Law School Admissions Forum. But the specific schools like to look at parental income when considering need based grants the school The other parent has a legal address out-of-state. Or check it out in the app stores FAFSA question (specific) It will simply ask if your parents are separated and then what the income of the primary parent is. FAFSA Divorced Parents Income Question The FAFSA is based on a calculation that includes many things, not just income, so there’s no outright answer to whether or not you’d get the Pell grant. not only is college WAY more expensive here but people have less disposable income. The SAI will also be used to see if your student qualifies for a Federal Pell Grant. I don't know where to look for this number or if it even applies to me. Question 2: Do your parents live together? If yes, then report information for both parents on the FAFSA form, even if they were never married, are divorced, or are separated. Check out some government sites (start with FAFSA. FAFSA doesn’t care if your parents are legally separated. This is EXTREMELY important. I'm really starting to worry as my family of four is very low income, my parents barely made a combined 50k in 2022. Hi everyone, I don't normally use reddit to ask a question but I'm getting really desperate. On the application, go to the Parent Financial Information to find this option. The serious side of Reddit. If your child's answer is yes, it will take them to the next page to answer questions about their own income and assets. The only thing it asked was for assets. We noticed you are a pretty new Reddit account, so we just wanted to let you know to check out the subreddit rules here and maybe have a read through our Frequently Asked Questions - they make for fascinating reading!. Our community is a place to share your joy from triumphs Get the Reddit app Scan this QR code to download the app now (the prior tax year) are reported on the FAFSA and counted as untaxed income. Then the next question being questions about my parents In answering FAFSA questions, the question on parental income is put together in a way that asks for the information on whomever supported you the most in the last year that Learn how to answer parent household information questions in the 2025-2026 FAFSA, including family size, number in college, and federal benefits received. FAFSA Parent Income Hi, I'm looking to answer the question about my dad's income, but he became unemployed in 2020. If it does ask you, you are legally required to ensure all information in that section is true. this question asked for both my parent's financials and student financials (mine) Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Most students are offered loans, usually subsidized and unsubsidized but it can just be unsub. Learn how to answer parent income tax information questions on the 2025-2026 FAFSA, including the parent’s tax filing and tax return info, consent and signature. Post any questions you have, there are Get the Reddit app Scan this QR code to download the app now. Or check it out in the app stores Parent income not asked? Filled out the application, but my parent’s income was never asked for. But child support is apparently counted as an asset in the new FAFSA. My gf is $150,000 in debt from an undergraduate degree. I filed as a dependent and accidentally said my student income was $0 even though I worked part-time for a few months during 2019. If your parent already has an FSA ID (for themselves or for other children), they must use their existing FSA ID. Everything I’ve read said I needed my 2022 tax return but they only asked three questions about assets: amt in checking/savings accts, value of investments (knew not to include 401k) and family business value. My SAI hasn't been able to be FAFSA Parent Questions . I am married to the non-custodial parent of a 17yo, and while my income is NOT going to be included on the FAFSA, her "dream school" and several other private schools she plans to apply for use the CSS, which absolutely includes the non-custodial parent and their spouse (me), income and assets. The question on the FAFSA asks is the student was born before Jan. This should include all income your parents received for 2019 (or Reddit's home for wholesome discussion related to pre-medical studies. Include income reported on W-2 forms or other earning statements and any earnings from work that are not included on earnings statements. You can complete a Net Price Calculator on each college's If, at the time you are completing the FAFSA, you, your parents, or anyone in your parents' household did NOT receive any of these benefits during 2019 or 2020, but do receive any of them on or before December 31, 2020, you must return to the FAFSA and update your response. My mom filled that out too and much of the financial information was accessed through the IRS tool. 31, 2024), from what I understand, when I fill out the FAFSA this fall I will not need to put my parents income and will be an independent student. Check out the sidebar for Then in the Parent#1's account, Parent#2's info showed up (cuz it was already filled in Student part of form), Parent#1 did NOT have to invite Parent#2. " So anyone who qualified for Free Reduced Lunch (question FAFSA #76 Parents are not required to have any kind of status in the U. I have been trying to fill out the 2021 FAFSA but got stuck on a " Student college grant and scholarship aid reported to the IRS in your income. scholarships and grant write-ins will be reported on line 1 on the 2018 1040. ) to skip those assets related questions for The question says, "Do you want to skip questions about your parents’ assets?" And clicking the help button: "Based on your answers to previous questions, you may skip questions about your parents’ assets. If the form doesn’t let you skip the parent questions, you might have to fill them out. Make sure you didn’t misinterpret the Hi. Since your The laws regarding this question have changed a lot over the last few months. You’re essentially only asked the questions the IRS doesn’t already have on file. Most of the time, until you're 24 (or is it 25?) you report your parents' income on the FAFSA. Even otherwise, if Mom had filed jointly for whatever reason, It's absolutely fine to put only Mom's income on FAFSA 2023-24 cuz there's not going to be any Dad's income that would be supporting you anyway. This is a brutal, demoralizing process. So, your dad qualifies until #2 and #3, I think. For income, the IRS tool takes care of that and takes in the 2022 taxes of your parent's to determine that. - only the student must be a U. The problem is, my dad's income is significantly more than mine, and when I apply for FAFSA and other aid I have to use their address and tax information. But i’m having trouble with one question right now. “The definition of family size has changed to align with the number of individuals reported as dependents on the applicant’s (if independent) or applicant’s parents’ (if dependent) U. If one of your responses is incorrect, update it now. There’s a lot of info available on types of federal and state aid, pros and cons, etc. . *I also plan on putting more money into investing in the future. FAFSA has a section to fill out your parents' information, if you choose. Changes this year have some circumstances where families do not need to report their assets one of the situations being if they’re adjusted gross income is under $60,000 from 2022. This is a place for Financial Aid Admins/techs/other administrative employees to provide valuable information to students and parents, to better assist them with making their Financial Aid choices. Or check it out in the app stores but its no longer taxable income. . It does not matter to FAFSA who claims what on taxes, FAFSA has their own rules to what makes someone an independent and living on your own/not getting parent help does not qualify that. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. I’m 27 and an independent student so don’t provide any parent information. Please state if they receive any benefits such as SNAP/TANF/Medicaid keep in mind that this is likely a question on about completing the 2020 - 2021 FAFSA, using 2018 taxes. No, your school isnt ‘BSing’ you. I didn’t have any questions on savings or assets. Throwaway because some of my friends know my main username. I'm 25 and while filling out the fafsa form, they labelled me an independent because of my age, even though I live with my parents. Here is the most recent FAFSA guidelines law regarding divorced/ separated parents: "If your parents are divorced, separated, or never married, and don’t live together, the parent who provided more financial support during the last 12 months is the contributor and must provide their information. Figure on 6k per 100k, and maybe half of income over 100k as a ballpark. Their other requirements based on tax forms used to meet the qualification, but ultimately depends on the household income for your FAFSA. She is ready to start taking college classes and filled out a FAFSA but was stopped when the form asked for her parents' gross income amount. When I use these number in the EFC calculator (https: Let me know if there's any information you need to help me answer my question. The only way for an undergraduate, with no dependents, who is not a military veteran, who is unmarried, and who is under 24 to not need their parents information for the FAFSA is if your school's financial aid office will grant you a dependency waiver. This means that inherently what a person got in 16-17 would not be the same amount in 17-18. Or check it out in the app stores Automatically skipped questions for parent FAFSA form (didn't get to input IRA or amount of savings, total cash, etc. Hi u/blooblop99, . Our community is a place to share your joy from triumphs, seek support for your challenges, understand common processes, or to ask other members of the foster care community for Get the Reddit app Scan this QR code to download the app now. Members Online. ADMIN MOD Parents income info FAFSA . im also pretty sure they filed jointly in 2022, not sure about the years past that. I have about $35K in savings (leftovers from my college fund), which seems high for a recent college graduate. Savings is about $6k. The website says it's on Schedule 1 line 8d, but I only have a line 8. The best thing to do is explain that your absent parent will not contribute financially to your education when you fill out the financial aid applications (for the schools; FAFSA doesn’t allow explanations like this). You can either transfer the amount to a sibling or parent you trust (14K without If you are actually middle income with low-middle assets, privates may be cheaper. Was filling out FAFSA, got to a question about parent income in 2018. This could delay and even completely block Due to the income of our parents I potentially could qualify for a full/reduced cost ride to a university. The only question you have to answer is do your parents provide more than half of his support. Enaber84 • It’s optional for those who are under a certain income. Only enter taxable combat pay included in your parents' adjusted gross income. " question. my father rarely financially supports my family but they have not filed for child support and/or divorce. My parents hate each other and my step-parents never liked me so I got stuck in the middle of everything. Questions: is proof of majority of support required? is the other parent listed at all, anywhere on the application? If yes, what kind of information is requested about the Custodial parent If shared custody, you use the parent with whom you spent the most nights with (physical custody). With annual income slightly above $10k/year, ~$11k/year. You filed the FAFSA last year using the best information you had (which makes it an honest mistake, not fraud). FAFSA Student Untaxted I HAVE THE SAME ISSUE !! 😭😭my only worry is that if I sign w/o putting my husbands info how would the system determine how much $$ im getting bc it has not asked any questions regarding assets/tax info/ income info 😭 Regarding the deadlines i am currently working on my bachelors and will graduate in may but my school doesn’t offer a masters program which is why im Disclaimer: Please note the information provided by our members is not (and should not) be interpreted as legal advice. i’m just confused because my efc is separated into parent contribution and student contribution, and i wasn’t sure if it’s normal for MY expected contribution as the student to be over $500 if they know i have zero source of income myself. The best place on Question about FAFSA asking for my parent’s 2021 taxes . The FAFSA will only use your income information. How are they calculating student/parent income for the new Fafsa Application? The best place on Reddit for admissions advice. So income reported = 1040 Line 1z + Schedule 1, Line 3 + Schedule 1, Line 6. Parents in this situation just use all Zeros in place of the SSN which allows for the FAFSA to be processed. I think we have to remember that college isn’t the same as it was 30-40 years ago, when kids My parents are married and filed their 1040 jointly. Thanks! FAFSA EFC, by itself, does not tell students what they can expect to pay. When your school receives your FAFSA, they will likely reach out to you requesting additional information, at which point you will receive next steps. ; The SAI is the number schools will use to determine how much financial aid your student will need. If your parents work but did not file a return, report their income in the questions regarding their wages, and not as Adjusted Gross Income. Have to answer "no" to fill out the FAFSA properly. This will likely involve having your parents request a Letter of Non-Filing from the IRS. You can only skip these questions if the form determines you can based on a variety of factors. I'm on a 1099 (Schedule C) and hers is a Schedule SE. For This subreddit is a place where high income professionals of all types can ask, answer, discuss, and debate the personal finance and investing questions specific to our unique situations without being criticized, ostracized, or downvoted simply for Campus finaid office says FAFSA requested a statement from my parent about their lack of income? Is this something that anyone has had to deal with before? Please have your parent write a statement explaining how they provided support for a family in 2021 with zero income. and International, Federal, State, or local. So, the student will be able to see that info. Parents are divorced, one parent's income is lower but they provide majority support for the student so the student lists them on FAFSA. My advice would be to go ahead and file the 2021-2022 FAFSA correctly, using all the information you know now. This helps because I live in the state of California and my parents live in a different state and California is very expensive. The parent with an address in New York files state tax in New York while the other files it in another state (married, filing separately). How are they calculating student/parent income for the new Fafsa Application? I just did mine and I’m realizing there wasn’t many questions asking about syncing IRS tax returns like years past. Expecting parents to pay for their childrens' education is a pretty reasonable thing that many European countries also do. fafsa income question I have to fill out my fafsa on my own because my parents are spanish speakers only, and there’s lots of things i don’t understand. The majority of my family's income comes from child support. Can I use the lower-income parent on my fafsa, if they have also provided less financial support in this past year? I haven't lived with either of them for 9 months. Under the old FAFSA rules, it would have been bad enough at coming up with $14400 per child in the fall. Your income is weighed heavier too as an independent student (even with dependents). If you decide to skip these questions, doing so won’t affect your eligibility for federal student aid. It did not ask for any income when I did the parent portion and my husband her dad never received his email to answer his parent questions. 1 Our income puts us in middle class, but having recently just paid off our own student loans, and having a mortgage, a couple of credit cards, car payment, and parental plus loans we have a negative net wealth. With family income of 150 and 500k assets, you might be somewhere in the 50-60k range at schools with large endowments. If you go over that income amount then you must report Reply reply Interesting, my wife had to enter our network, how much we paid in taxes in and what our adjusted gross income was,. S. You may find it easier simply to put your mother as your Parent on the FAFSA and reap the benefits of a parent having 0 income. But I can’t put her on fafsa bc she’s not my parent. ; Can I skip this question? r/ApplyingToCollege is the premier forum for college admissions questions, advice, and discussions, from college essays and scholarships to SAT/ACT test prep, career guidance, and more. Me trying to explain to my scholarships that my fafsa still isn’t through and please don’t disqualify me “ATTENTION: You indicated the parent is not married, but you also indicated the parent's tax return filing status is married filing jointly. However, both of these lines are blank on my parents' tax returns (I think this means 0). FAFSA Parental Income Negotiation/Finances Does anyone have information on how law schools generally treat the EFC provided by the FAFSA? I have been independent for multiple years but included financial info from my 9. Edited to add: This is literally the rule. Her mom gave her the SSNs for both parents, but didn't want to give info regarding Posted by u/[Deleted Account] - 6 votes and 12 comments Completed Parent FAFSA Form: no tax return info asked for Parent here that just filled out form for the first time. If you have any questions reach out to the FAFSA customer support center or the university you are applying for financial center. the 2018 1040 is very different from the 2017 1040. If anyone in Mom's household received any of those benefits in 2022 or 2023, FAFSA gives you that assets exemption. Any info on questions 1 or 2 would help immensely. Why would they do that? Why would a school not want to give you federal aid? Makes no sense. budgeting, income, retirement plans, insurance, investing, and frugality. She’s the main provider. I get SSDI and VA Pension (Veteran) both are Tax exempt. I have pretty specific questions. If they receive farm income then Schedule 1, Line 6. If no, then answer question 3. Even need based financial grants from the Federal government for the students from lower income families are not amazingly generous (< $7k per year). I live in New York and that is my legal address, and I have answered as such. Question about diff policies on parent income for FAFSA Question Hey everyone! So I was filling out the FAFSA but the two schools I’m sending my form to have different policies regarding including parent info. Good luck. Negotiation/Finances Do most law students include their parents income info on FAFSA? On All questions about federal student aid, the FAFSA, and financial aid verification must be posted on this thread. The lower the income and assets, the lower your EFC should be. njkuutwbmvxlegytbmieyvmiazvstqtvkfinjdtqslszwbwn