Parents divorced?

Paying for College
1

<p>Is your EFC affected if your parents are divorced?</p>

2

<p>Yes it is. FAFSA only asks for your custodial parent and spouse's information rather than info from both parents. However, if you apply to schools using PROFILE or their own fin aid apps, they will want the info from both parents.</p>

3

<p>my parents are going to divorce soon, so i don't know what to do. to edit my fafsa thing or leave it alone need to know which one will be better for me.</p>

4

<p>from <a href="http://studentaid.ed.gov/students/publications/completing_fafsa/2007_2008/ques5.html%5B/url%5D"&gt;http://studentaid.ed.gov/students/publications/completing_fafsa/2007_2008/ques5.html&lt;/a&gt;&lt;/p>

<p>
[quote]
If your parents are divorced (or separated - see below for more information), answer the questions about the parent you lived with more during the 12 months preceding the date you complete the FAFSA. If you did not live with one parent more than the other, give answers about the parent who provided more financial support during the 12 months preceding the date you complete the FAFSA, or during the most recent year that you actually received support from a parent. If this parent has remarried as of the date you fill out the FAFSA, answer the questions on the remaining sections of the FAFSA about that parent and the person he or she married (your stepparent).</p>

<p>If your parents are legally separated, the same rules that apply for a divorced couple are used to determine which parent's information must be reported. A couple doesn't have to be legally separated in order to be considered separated for purposes of the FAFSA. The couple may consider themselves informally separated when one of the partners has left the household. If the partners live together, they can't be considered informally separated.

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5

<p>Fafsa is only custodial parent, but most elite colleges ask for non custodial parent income which is as well required whether the non custodial parent is willing or not to pay for your college!!</p>

6

<p>For Profile schools, does anyone know if there is a standard formula used when reviewing the information both of the custodial and non-custodial parents--how they combine the two sets of information and arrive at an EFC? Although there are several on-line FM and IM calculators, I can't find anything that factors in the income info of the non-custodial parents. The financial aid offices are also fairly evasive when asked this question.</p>

7

<p>You can add together both incomes and all dependents and get close.</p>