Reply to Answer provided: How will a 529 plan affect my child's chances to qualify for financial aid?

Forum Index » Off-Topic

Reply to "Answer provided: How will a 529 plan affect my child's chances to qualify for financial aid?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]What are the rules with financial aid if for example a parent was to cut off a student in attempt to have the student get financial aid?[/quote]

It is virtually impossible to get yourself declared independent below a certain age (24 or 26 I think, though I'm not sure) unless you are married. I had friends withe divorced parents and their father refused to provide any support or any information for them to file a FAFSA. They were pretty much screwed. [/quote]

Agreed. I used to work in a Financial Aid office at a top private research university as a graduate student, and I came across dozens of files of deadbeat dads (and yes, sadly, they were always the dads) who refused to submit tax forms and provide data so that their child could obtain financial aid. The child was essentially punished, financially, for the father's refusal to participate/contribute in the college financial aid process. It's not the college's fault--there are pretty strict guidelines dealing with federal loans. There only instance that I saw where an exemption was made was when the father was in prison.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics