Control Panel
for macintosh:
Other Help
stafford loan rates
PLUS loan rates
FAFSA Links
dependency status
aid eligibility
 
Dependency Status
Dependent vs. Independent Status:
different eligibility loan amounts will be awarded for dependent and independent students
students who have access to parental support are classified as dependent students
dependent students and their parents must report respectively their income and assets on the FAFSA form:

see our note on FAFSA form submission:
see our financial aid notes
students who display at least one of the following requirements are classified as independent students:

  • you were at least 24 years of age on January 1 of the academic year you begin school
  • you are married
  • you are enrolled in a graduate or professional program (beyond the bachelor's degree)
  • you have legal dependents other than a spouse
  • you are an orphan or ward of the court (or were a ward of the court until age 18)
  • you are veteran of the U.S. Armed Forces ("veteran" includes a student who attended a U.S. military academy who was released under a condition other than dishonorable)
independent students must report only income and assets of their own (and those of their spouse, if married)
use this Dependency Status Form worksheet to determine your potential eligibility status:
http://www.finaid.org/calculators/dependency.phtml

 

Copyright 2002-04
SayCollegeMoney.com

part of the SayLending.com financial network
all rights reserved

Home Equity Site Map