If the custodial SAHM is very recently divorced, and she had no income in prior prior year, then she would report no income on FAFSA?
And then of course she’ll have to explain how they now live. So suppose she now has a job and also gets spousal/child support. Since none of this “new income” was from “prior prior” year, does that get excluded from FAFSA?
Only income from 2018 is included on the 2020-2021 FAFSA form. So…if this custodial parent earned no income in 18, then that’s what she would put on the FAFSA form.
Child and spousal support for 2019 or after would not be on the current FAFSA.
But yes, with $0 income, it’s very likely this person would get selected for verification. It sounds like this mom was supported by the former spouse in 2018. Right?
This parent also will not be able to use the IRS Data Retrieval Tool to import tax information. They should request a tax transcript for 2018. They might also need W2 copies to prove that all of the income in 2018 was the former spouse income.
@kelsmom do I have that right?
Thanks…that’s sort of what I was thinking.
Seems odd that someone who was a SAHM with an H with a high income, and who is now working a good job and getting Support, would end up with a 0 EFC.
I guess it would be a one year only situation.
Yes, the advice above is correct. FAFSA EFC will be based on the mother’s income (or lack there of). It will catch up to her later, though, which is important to keep in mind when evaluating affordability.