If I declare my sibling as a dependent on my tax return, would she be filing my info on her fafsa or parents?
I pay more than 50% of the living expenses(although not tuition) of my sibling and want to declare her as my dependent. On her fafsa, should she include my information or our parents? My parents live out of the country and will not declare her as a dependent on the tax return form.
Can I attend college without fafsa?
him owing money to a college will not prevent you from getting financial aid for college when you fill out your fafsa.... but him NOT providing his income information WILL prevent you from getting free money from going to college. Just like you would not be responsible if he owed any past tax debts, his owing someone money for school won't effect you in any way. The sins of the father do not become a problem of the son!! He is the one stopping you from getting assistance for school, not the system. He's wrong. That being said, you CAN go to college without filling out the fafsa, just apply for admission and pay for school with your own money. If you can get dad to sign a statement to the fin aid office saying he doesn't support you, they will let you take out loans only, but you won't get any free grants. Unfortunately, if he owes a school money, he is prob low income and you prob WOULD get free money (grants) to go... but they won't give it to you without his income info. Talk to him... and then call the schools fin aid office and see if you can get one of them to talk to him too... they are usually pretty good at convincing paranoid or reluctant parents that THEY are the problem in getting their kids to get free money to go to college, not the "system" they are so paranoid about
Is it the parents responsibility to pay for their kids college tuition?
Technically, legally, it is not required to give a dime once the kid turns 18 (maybe high school graduation?).However, financial aid formulas such as FAFSA take into account your parent's income and assets. So the wealthier your parents are, the harder it will be to actually afford it on your own.For example, I was applying to colleges last year, a mixture of state schools and elite private (only in case the numbers would work out ok).It turned out that the state school I was most strongly considering costs $35,000/year to attend without aid or scholarships(of course private universities cost even more). Even if you went to community college and transferred, that'd be 70 grand in debt/job earnings from the last two years there (excluding the community college costs earlier and assuming tuition doesn't rise in the meanwhile, though it probably would). That's the most affordable way of doing it if you don't have any scholarships, grants, or parental help.I ultimately turned down some merit money(and some practically non existent aid since it was pretty much just loans, not grants) at that school to go to Cornell, which was still about $20,000/yr after grants for my situation. Their financial aid package actually marked about half that remaining cost as "parental contribution", the other half a mix of loans and my own contribution. That still is a lot for a student to come up with on their own, and I assure you I'm not rich, barely, barely upper middle class at the absolute most.(Parents never were able to save up for college and pretty much live paycheck to paycheck, retirement fund not that high, so my parents don't expect a luxurious retirement if they even retire. Have a nice enough house in a nice enough neighborhood, so that might push us up a bit, but it's pretty much the only thing that might be considered upper middle versus middle. I guess my parents sacrificed a lot to move there for the school districts).I guess my point is, technically you don't have to help at all, but you'll saddle your kid with a lot of debt if you don't, once you're middle class or above in wealth. So you might not want to do that...
Can you pay your entire college tuition with student loans?
Can you get more then one loan? My dad is telling me im going to have to pay my way through college but i dont really want to have to work and be a student full time and still make sure i have time to study, i know i wont be able to handle that. How could i be a independent student because i know my parents make too much for me to qualify for much federal aid but if im independent ill show strong need wont i? and also could you tell me anything about paying back loans, im trying to get ahead of all this stuff so im prepared because i dont have any family thats went to college so i dont really have anyone to ask questions all help is appreciated :)
Should parents pay for their children's college?
Many parents pay for at least a portion of their children's college education if they can afford it. Your mother may not be able to afford it. She may have reached an age where she needs to start saving for retirement. You can take out loans to pay for your college education; she can't take out loans to help with her retirement costs. Your community college can provide both low-cost classes, plus financial aid. If you're serious about going to college, then you need to make sure you're taking challenging classes in high school and doing well in those classes. Advanced placement classes can give you college credit if you do well enough on the exams.
Can my mom legally charge me rent?
I'm 17 years old and my mom wants to start charging me rent to live here. $400 a month plus $100 for utilities and $25 every time I leave a lamp on. I work 3 jobs and go to school full time and I already have a $400 car payment. I want to know if this is legal and if it isn't what I can do to stop this so I can save up for college.