EFC calculation after divorce

Paying for College
1

<p>My son lives with me permanently since 2 years
1) Will in the EFC calculation all alimony and child support be considered?
2) Will the income or savings of my sons Dad be considered?
3) Where can I get detailed information for EFC calculation after divorce?
Thanks</p>

2

<p>

Yes. You will have to report the alimony and child support on FAFSA. The alimony will probably be included in your AGI from your tax return as it is generally taxable income. The child support will probably be reported as untaxed income as child support is generally not taxable to the recipient. Generally they will both be treated the same by the EFC formula as other unearned income (income from work has some additional allowances in the EFC formula). The exception would be if your AGI is below $30,000 (may be a little higher next year) and you otherwise qualify for the automatic 0 EFC. In that situation the untaxed income (child support) would not be considered by the EFC formula.</p>

<p>

For FAFSA only the financial information of the parent (and spouse if there is one) with whom the student lives with the most will be used. Schools that use the CSS/profile in addition to FAFSA, for their own institutional aid, will mostly require the financial information of the non custodial parent (and spouse if there is one) in addition to that of the custodial parent. How they use this information will vary by school.</p>

3

<p>Here’s a link to the schools (and scholarship programs) that require Profile to be filed. The second column will tell you if they’ll require the non-custodial parent’s financial info:
<a href=“https://profileonline.collegeboard.com/prf/PXRemotePartInstitutionServlet/PXRemotePartInstitutionServlet.srv[/url]”>https://profileonline.collegeboard.com/prf/PXRemotePartInstitutionServlet/PXRemotePartInstitutionServlet.srv&lt;/a&gt;&lt;/p&gt;

<p>

</p>

<p>Here is a good overview, and you can also read the FAFSA instructions:
[FinAid</a> | Answering Your Questions | Divorce and Financial Aid](<a href=“http://www.finaid.org/questions/divorce.phtml]FinAid”>Divorce and Financial Aid - Finaid)
[Completing</a> the FAFSA: Financial Aid from the U.S. Department of Education](<a href=“http://studentaid.ed.gov/students/publications/completing_fafsa/index.html]Completing”>http://studentaid.ed.gov/students/publications/completing_fafsa/index.html)</p>

<p>The actual calculation does not differ whether the parent is divorced, never married, widowed, etc. To get an idea of how the calculations work you can look at this:
<a href=“http://www.ifap.ed.gov/efcformulaguide/attachments/111408EFCFormulaGuide0910.pdf[/url]”>http://www.ifap.ed.gov/efcformulaguide/attachments/111408EFCFormulaGuide0910.pdf&lt;/a&gt;&lt;/p&gt;