A few days ago
how does marriage affect financial aid?
how does marriage affect financial aid?
Top 4 Answers
A few days ago
Favorite Answer
Instead of being a dependent student, which requires you to submit your parent’s tax information even if you do not live with them, you are considered an independent student. On your FAFSA, you put yours and your spouse’s financial/tax information. They take both incomes into consideration. If together you make less than your family did when you were unmarried, you’ll get more financial aid. If you make more, you’ll get less financial aid.
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A few days ago
It may depend on your particular University. Contact the Financial Aid office directly, or check the University website for info.
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A few days ago
I think they take into account the income of your spouse to determine how much you can get, if at all (talking about grants here). I knew someone who couldn’t get a grant because her husband’s salary was over a threshold. Loans might be different though since you have to pay those back.
I want to add that if you qualify for several loans, you don’t have to accept them all if you don’t need them. When I went to the financial aid office to accept loans, they gave me a printout of what I was awarded, but I declined one or two because I didn’t need them. That was great because it was less to pay off in the future.
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A few days ago
If you are married at the time you file your fafsa, (being engaged doesn’t count) you report both your income and your husband’s income even if weren’t married when you filed your taxes last year. You also report all other and income and assets combined as well.
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