|Parents: Tips to Help Your Child Complete the FAFSA|
January 10, 2014 -- If you're a parent of a college bound child, the financial aid process can seem a bit overwhelming. Who's considered the parent? Who do you include in household size? How do assets and tax filing fit into the process? Does this have to be done every year? Here are some common questions that parents have when helping their children prepare for and pay for college or career school:
Why does my child need to provide my information on the FAFSA?
While we provide over $150 billion in financial aid each year, the federal student aid programs are based on the assumption that it is primarily your and your child's responsibility to pay for college. If your child was born after January 1, 1991 then most likely he or she is considered a dependent student and you'll need to include your information on the Free Application for Federal Student Aid (FAFSASM).
Who's considered a parent when completing the FAFSA?
If you need to report parent information, here are some guidelines to help you:
- If your legal parents (your biological and/or adoptive parents) are married to each other, answer the questions about both of them, regardless of whether your parents are of the same or opposite sex.
- If your legal parents are not married to each other and live together, answer the questions about both of them, regardless of whether your parents are of the same or opposite sex.
- If your parent is widowed or was never married, answer the questions about that parent.
- If your parents are divorced or separated, follow
More information on who's considered the parent can be found here:
Who's considered part of the household?