<p>My friend is involved in a very bitter divorce. He is concerned that his ex can get to his financial data through their daughter who is applying. His income will not qualify her for any federal aids anyway. However, she'll need some student loans though because my friend would only fund 50% of the cost. He feels it's only fair that the ex should pay for the other 50%. Unfortunately, the ex has already spent all the money he gives her on herself.
Is there any way to shield the financial info filled out from the daughter or the ex?
Is it still necessary to fill out the FAFSA?
How does she proceed if she needs private loans if the FAFSA isn't filled out?</p>
<p>you may want to post this on the FA board. Swimcatsmom is the FA guru there and can probably answer all you questions very quickly.</p>
<p>Thanks. I posted this question there too.</p>
<p>Only one parent’s data (income/assets) are reported on the FAFSA. It is not up to the parents to choose; it is based on which one is considered the custodial parent by the FAFSA definition. This is the parent with whom the child has lived for more than 50% of the year, and if it’s an absolute tie, then it’s the parent who has provide more financial support.</p>
<p>The FAFSA is the student’s form, though it also contains parent information. The student will be able to see the information on the form.</p>
<p>If the student applies for financial aid at schools that require the CSS Profile, or their own financial aid forms, both parents will need to provide financial information.</p>
<p>What is CSS profile?</p>
<p>The FAFSA only requires custodial parent info as noted above. The PROFILE will require info from both parents. However, the non-custodial parent fills out a non-custodial parent form and it is submitted separately from the form that the custodial parent fills out. I suppose the STUDENT could share the information…but if the father is that opposed to this, he should ask the kid not to do so.</p>
<p>If thisi such a HUGE issue, why wasn’t this addressed during the divorce proceedings?</p>
<p>The CSS Profile is another financial aid application form that is from the College Board. It is used by a bunch of private colleges and a few publics.</p>
<p>The divorce happened 6-7 years ago. My friend practically gave the ex everything so she would treat the kids right.
The mother never worked. She has been living off her substantial settlement and the child support and spent it all on a frivolous life-style. She is always scheming to get more from the father. For instance, she makes the dad pay full child support for the son while he was sent to a boarding school with all expenses paid by the father. She also threaten to move away just to get more alimony when the kids a couple years ago. My friend gave in just to keep the kids close by just so he has a chance to instill some remnant of values and characters for the kids. Unfortunately, the kids are too deeply influenced by the mom and her friends. That’s why he had to pay the ex more money to make her consent to let him send the son to a military school. He wanted to do the same for the daughter. But the daughter chose a cushy life-style and refused. That’s why he wants the daughter and the ex to start addressing their own responsibility and stop this entitlement mentality.
It’s a messy situation.</p>
<p>BTW, can the daughter still get loans without the CSS profile?</p>
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<p>This is why I thought it was a “current event”.</p>
<p>Can the kiddo get loans without the Profile? Yes…the Stafford loans are given based on the completion of the FAFSA. </p>
<p>Remember, however, that this mom WILL have to put down any alimony she receives as income on her FAFSA. If she has a “substantial settlement” and some of it is in regular savings…that will be reported as an asset (unless her income is low enough and she can file a 1040A…is that possible). </p>
<p>I hope this dad can put the needs of his daughter first. His financial situation is what it is…why hide it? What possible difference does it make if the ex-wife knows…unless he has been hiding assets from her that she is entitled to have. I’m sorry…but I would say…just file the finaid forms and see if this is going to help the kiddo. Otherwise…is the dad able to financially cover the college costs? Someone will have to pay his daughter’s college bills.</p>