The Free Utility for Federal Scholar Support (FAFSA) course of for college students whose dad and mom are divorced or separated presents distinctive concerns, notably when dad and mom share custody equally. The contribution anticipated from dad and mom is a major consider figuring out a pupil’s eligibility for monetary assist. In conditions the place dad and mom have equal bodily custody, particular guidelines dictate whose monetary data needs to be reported on the FAFSA type.
Understanding these pointers is essential for maximizing a pupil’s entry to grants, loans, and work-study applications. Traditionally, the FAFSA has advanced in its strategy to divorced or separated household conditions, aiming to pretty assess a household’s skill to contribute to varsity prices. Correct completion of the FAFSA, adhering to those guidelines, can considerably impression the general affordability of upper training for the scholar.
