A few days ago
luckiicharmsz07

Does having child support for myself affect the EFC on my FAFSA?

I’m filing for taxes next year, i still recieve child support for myself, how much will this affect my EFC?

Top 3 Answers
A few days ago
yvetteb93021

Favorite Answer

If one of your parents is paying child support to you, it should be filed on your paren’t tax information not yours. For instance if you are receiving child support from your father, it woud be filed on your mother’s tax information.

It depends how much you receive in child support. If you are receiving more than enough to support yourself from the child support than it can greatly affect your EFC. It you do not receive that much in child support, then it will not affect it that much.

Your best bet it to file your taxes, and complete the FAFSA. This will give you a definite answer.

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4 years ago
heyder
it continuously amazes me people who answer and their solutions SOUND thoroughly logical and superb, yet are not. ok… re: your mum and dad residences. For the federal help application (FAFSA) The questions related to is is quite particular and quite consumer-friendly to respond to. It asks for the internet well worth of their investments (which contain residences they do no longer stay in). the internet well worth is fee minus debt…. so in spite of the fact that it would not ask particularly approximately how lots is owed on each and every homestead, it quite is taken under consideration. for example: Your mum and dad very own 5 residences. as quickly as you and the folk stay in, the different 4 are used in numerous different motives (3 condominium residences and a trip homestead). the homestead you reside in would not ought to be mentioned as an asset, however the different 4 do. and you’re able to upload the internet well worth of all 4 of them together to come returned up with the completed for that. homestead a million is well worth 50,000 and that they owe 40,000 on it – internet well worth is 10,000 homestead 2 is well worth 25,000 and that they owe 5,000 on it – internet well worth is 20,000 homestead 3 is well worth 3 hundred,000 and that they owe 250,000 on it – internet well worth is 50,000 entire internet well worth of their residences is 80,000. you’re able to then upload this to their inventory quantities, bonds, have confidence money, money industry money and all the different investments listed interior the instructions. playstation : Your mum and dad are “allowed” to have a brilliant form of money in materials in the previous it starts off effecting your EFC. The older they’re, the better the quantity. Your mum and dad are no longer envisioned to circulate broke to pay on your college guidance. merely keep in mind, you’re a ingredient of your loved ones to, so while it says “EFC, envisioned relatives contribution” which ability YOU too! LOL playstation : autonomous in accordance to fafsa has a very diverse which ability than the type you’re employing it. you is merely no longer categorised as an autonomous student for fafsa applications. PSS: and easily so which you recognize…. it quite is my adventure that once a relatives has that many condominium/residences, their annual earnings is sufficient that they do no longer qualify for any unfastened money (per earnings) long in the previous their investments are even considered… so that’s not going to make any distinction besides. do no longer anticipate any unfastened grant money from all and sundry considering you’re unlikely to get any.
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A few days ago
Anonymous
It depends how much you receive in child support. I found interesting information about your answer, college loans, scholarships, college grants & partime works here. http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.html Good luck!
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