Step vs. Bio Parents’ Income (Meet Full Need Schools)

[sybbie719]

<p>Hi MommyDearest13,</p>

<p>Welcome to college confidential. Could you please provide the link to this?</p>

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@MommyDearest13

This is from Harvard’s NPC:

• Unmarried / Divorced / Separated: Each parent’s contribution is assessed separately. Each parent should use the calculator to obtain an estimated cost for their personal income and asset information. The total estimated net price to attend Harvard is the sum of the estimates of the two parents.
• Remarried: Remarried parents should separate their income and assets from the applicant’s step-parent’s income and assets. For assets where a clear separation isn’t obvious, please halve the value of these assets and include this value.

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<p>I would not recommend that you look at the information from the college board because sometimes it is not up to date. Your best bet would be to go directly to the source- the college.</p>

<p>Your information may be out of date. Looking at FAQs on their financial aid page, they state the following:</p>

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<p>If my parents are divorced or separated, do they both need to send in financial information?</p>

<p>Yes, your custodial parent should file the Free Application for Federal Student Aid (FAFSA) and the CSS PROFILE Application, and your non-custodial parent should complete the Noncustodial Parent’s PROFILE. We feel strongly that both parents have an obligation to support you, and a divorce or separation does not change that obligation. We look at each case individually, and we make every effort to be sensitive to particular family circumstances when deciding how much to ask from each parent. You should attempt to obtain financial information from both natural parents and explain any problems to us in writing. If either parent is remarried, financial information about their new spouse and dependents, if any, should be provided. In this way we obtain the fullest possible picture of your financial background and can make the fairest judgment about your need for assistance.</p>

<p>If we have received financial information from both your parents, the figure listed as “parent contribution” on your award letter will be the combined figure for your mother and father, determined by doing a separate need analysis for each parent. If you would like to know our breakdown of this joint parent contribution, you may call or write to our office. However we have split that contribution, it is really up to you and your parents to decide how to divide the responsibility for paying the termbills. In most cases, we will send a copy of your award letter to your non-custodial parent to inform them of your financial aid award.</p>

<p>[Questions</a> & Answers](<a href=“http://isites.harvard.edu/icb/icb.do?keyword=k51861&pageid=icb.page244009]Questions”>http://isites.harvard.edu/icb/icb.do?keyword=k51861&pageid=icb.page244009)

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[quote=Financial Aid Application Instructions 2012-2013 Prospective Students
Harvard College]
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<p>**Noncustodial Parent’s PROFILE **
If your parents are divorced or separated, your noncustodial parent will need to complete a Noncustodial Parent’s PROFILE online. After you have completed your custodial CSS PROFILE, you will receive instructions by email from the College Board explaining how your noncustodial parent may complete this process. </p>

<p><a href=“http://isites.harvard.edu/fs/docs/icb.topic555686.files/Prospective%20Student%20App%20Instruct%20US%20and%20Canada.pdf[/url]”>http://isites.harvard.edu/fs/docs/icb.topic555686.files/Prospective%20Student%20App%20Instruct%20US%20and%20Canada.pdf&lt;/a&gt;

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