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College and University Discussion
Reply to "How to declare 20-year-old independent "
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[quote=Anonymous][quote=Anonymous]To what end?[/quote] OP is talking about gaming Fadsa to get more financial aid. It’s funny that you think you can do this. It won’t work, his financial aid will still be based on your income, all that will happen is that you won’t get the dependent tax benefit. (You’re not the only one to have thought of this, btw.) If you’re really committed to this, have him get married to a friend’s kid - then you solve the problem for 2 families! Your kids can file as independent! The kids can get divorced after graduation. The only other option is for your kid to have a baby - which will certainly be more expensive than whatever you save in aid money. [/quote]
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