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Started By
Message
1
Posted on 4/13/16 at 9:33 pm to tiger91
quote:
but isn't the parents section held against people for loans/grants??
I would think it's used to determine if the student qualifies for Pell Grants. And certain type of student loans that are income based.
Posted on 4/13/16 at 9:33 pm to tiger91
quote:
I totally get that but isn't the parents section held against people for loans/grants??
I don't really understand the question. What do you mean by "held against"? They want to make sure they aren't giving a Federal Pell Grant to a kid whose parents claim them and make $500k a year.
Posted on 4/13/16 at 9:35 pm to ULSU
BUT if those parents won't give the kid a dime ... and the kid is totally on his/her own ... they're not eligible for grants/low interest loans? It's not the kids fault that the parents won't help them.
eta I guess I feel for those who can't get help from parents but perhaps can't qualify for assistance because they have to include their parents finances on the FAFSA.
Does it make more sense posed that way?
eta I guess I feel for those who can't get help from parents but perhaps can't qualify for assistance because they have to include their parents finances on the FAFSA.
Does it make more sense posed that way?
This post was edited on 4/13/16 at 9:36 pm
Posted on 4/13/16 at 9:35 pm to tiger91
I had a child early and went to school late. My wife and i are still paying on student loans. Our plan is to send her to community college first and get her through school debt free.
Posted on 4/13/16 at 9:36 pm to tiger91
quote:
I guess I just feel that those whose parents won't help
Then the child should not be claimed on their taxes as a dependent or on the parent's insurance.
Then, they can file based on their own inome, and not their parents'.
Posted on 4/13/16 at 9:37 pm to LSUSUPERSTAR
I'm almost 47 ... went to community college (LSUE) one year and transferred. My parents paid everything (no TOPS back then) and I had a job for the extras. I was very blessed and realize how fortunate I was to graduate with no loans.
Posted on 4/13/16 at 9:38 pm to ULSU
quote:
Then the child should not be claimed on their taxes as a dependent or on the parent's insurance.
Then, they can file based on their own inome, and not their parents'.
Ok that's what I was looking for. Maybe I shouldn't claim my 18 almost 19 yo! lol Doubt I'd lose much in the way of taxes. We get hammered yearly.
Posted on 4/13/16 at 9:38 pm to tiger91
Just shut the frick up and fill it out little bitch. Do as the government says.
Posted on 4/13/16 at 9:39 pm to tiger91
quote:
they're not eligible for grants/low interest loans?
Well, almost everyone can get the student loans (Sallie Mae). They don't have to include the parents' income, but there are steps to take to alleviate this requirement. Primarily, the parents can't be providing for the kid and claiming dependency.
Posted on 4/13/16 at 9:40 pm to Breesus
Dude it's done. Just curious.
Posted on 4/13/16 at 9:41 pm to tiger91
quote:
Maybe I shouldn't claim my 18 almost 19 yo!
You'd better make sure you can still insure someone who is not a dependent. Unless your kid is providing their own health insurance.
This post was edited on 4/13/16 at 9:44 pm
Posted on 4/13/16 at 9:48 pm to tiger91
No clue. The whole process is like Chinese arithmetic to me
Posted on 4/13/16 at 9:52 pm to tiger91
Unfortunately my parents couldn't help. I was not the greatest with money then and although i got a pell grant, i still took out student loans. My wife amassed hers due to vet school. It is a hard lesson to learn, but we are paying them back. Hopefully my children won't have to deal with student loans. All 3 of them have 529 accounts so that should help some.
Posted on 4/13/16 at 9:55 pm to LSUSUPERSTAR
Oh I totally get that some can't. My parents were super savers and I'll always be grateful.
We have 529 as well ... Oldest didn't require much with his scholarships and work so that helped. On to child number 2 now.
We have 529 as well ... Oldest didn't require much with his scholarships and work so that helped. On to child number 2 now.
Posted on 4/13/16 at 9:58 pm to tiger91
Congrats to the child with a scholarship. Thankfully our little ones are 5 & 2, so we have some time to build savings for them.
Posted on 4/13/16 at 10:00 pm to LSUSUPERSTAR
#2 has a partial to ull (chose it over Lsu as he can live at home ... It's living expenses that are crazy). The fact that mom will still be cooking and do his laundry didn't hurt. Told him he can transfer or stay at ull but he's not living here all of college. Gotta get a taste of the real world.
And honestly, some days I'd love for mine to be little again!!
And honestly, some days I'd love for mine to be little again!!
Posted on 4/13/16 at 10:32 pm to Ingeniero
Touche' :)
Posted on 4/13/16 at 10:59 pm to tiger91
quote:
I know that But is there a scholarship if mom makes less than "x" amount? I get needing the total but why the breakdown??
Yes. It has to do with whether your parents are divorced and whether you live with one or the other or both.
Posted on 4/13/16 at 11:32 pm to tiger91
My parents paid for my undergrad so they always filled the fafsa out. When I started law school and had to take out loans I had to fill it out myself and I dreaded it every year. For loan purposes it was letting them now how big your need was and how much you could take out every year.
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