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Parenting -- Special Concerns
Reply to "FAFSA: Do you have to submit both parents' financials if one has more than 50% custody?"
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[quote=Anonymous][quote=Anonymous]For FAFSA, the child submits the information of the parent who is with the child physically more throughout the year, regardless of what legal or custody agreements stay. However, other posters are right that FAFSA usually only gives Pell and federal loans. If the student is looking at schools with more substantial aid (usually private schools), those schools will normally require the CSS profile and the information of both parents. That's the situation that usually ends up unfair for kids with divorced parents-- when the noncustodial parent has a much higher income, the school expects the NCP to pay, but the NCP refuses to.[/quote] There are many reasons why a NCP would refuse to pay. Parents in most states are not obligated to pay. Its nice to pay, the right thing to do to pay, but in divorced situations, it gets tricky, especially if the child does not have a relationship with the NCP.[/quote]
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