We have an intact marriage but my husband and I live separately in 2 separate primary residences due to having to work in different cities. Our drivers licenses, voters registrations utility bills etc. all reflect that we live in separate primary residences and we do in fact live separately. We are not separated. Can we exclude both residences from our assets on the FAFSA or must we elect only 1 of the residences?
No. Exclude the home that is the student’s primary residence.
We have twins who are both applying to college and each daughter lives with a different parent. So we have 2 primary student residences too. Now what?
Each daughter has to complete their own FAFSA. So, each excludes their primary residence, and includes the other residence.
Exactly.
This is the worst of both worlds. Everyone’s income is included, and the ‘non-primary’ residence is included as an asset.
My sister and BIL had this set up. The kids did live in the more expensive house so only had to include the less expensive asset. Still didn’t work out in favor of FA.