How does a parent divorce affect college financial aid?

My parents are getting a divorce. I am going to be a freshman in college next year. I’ve already gotten my Financial Aid for this year, so that shouldn’t change (right?) but I wasn’t sure if this would affect my financial aid for the next years. My parent’s income should stay roughly the same, albeit seperate.

I believe you send in the information for one or the other in that case…do you live with one? That would narrow it down. My parents have been divorced forever…my brother lives with my mom and claims only her income for financial aid purposes.

I’ve bookmarked this site…

http://www.FinancialAidQuick.com/

All the best to you.

This entry was posted on Thursday, September 17th, 2009 at 2:49 pm and is filed under College Aid. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 Responses to “How does a parent divorce affect college financial aid?”

Anthony Says:
September 17th, 2009 at 8:19 pm

This will work in your favor.
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Tom L Says:
September 17th, 2009 at 8:43 pm

you get more money or increase your chances of getting money
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ADI Says:
September 17th, 2009 at 8:48 pm

Depends on whose taxes you will be used as a dependent. This may work in your favor….
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Alec K Says:
September 17th, 2009 at 9:22 pm

For financial aid or scholarship questions, I just tell my friends to check out http://www.FinancialAidQuick.com and take a look around.Its excellent starting point with a few great sources of aid.
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mommyoftwo53 Says:
September 17th, 2009 at 10:10 pm

This year will be fine. For the following years you can either use both of their income or just use whoever is supporting you the most income.
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Billie H Says:
September 17th, 2009 at 10:52 pm

I believe you send in the information for one or the other in that case…do you live with one? That would narrow it down. My parents have been divorced forever…my brother lives with my mom and claims only her income for financial aid purposes.

I’ve bookmarked this site…

http://www.FinancialAidQuick.com/

All the best to you.
References :

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