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College and University Discussion
Reply to "Parents giving up custody of their kids to get need based financial aid "
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[quote=Anonymous]As I recall, the rules changed sometime in the ‘90s. When I was a student in the 80s, you could declare yourself independent if your parents provided no more than $700 a year in support and you did not live at home, even in the summers. Which I did on for myself after my parents informed me I was on own for college expenses. Independent status got me Pell grants and subsidized student loans. I covered the rest with scholarships and work. I can see why they closed that gap, but it certainly restricts options for kids from families with modest resources. [/quote]
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