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Understanding College Costs: Free Application for Federal Student Aid FAQs

Understanding College Costs: Free Application for Federal Student Aid FAQs

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In this episode, Kat explains and defines the most frequently asked questions from families as they are filling out the FAFSA including assets that are included/not included, which parent reports their financial information for different family circumstances, and more.

Links In This Episode:

Definitions of Dependent/Independent Student Status: https://studentaid.gov/apply-for-aid/fafsa/filling-out/dependency

Which Parent Will Be Reported on the FAFSA? https://studentaid.gov/apply-for-aid/fafsa/filling-out/parent-info

Details About Reporting Parent Assets:
https://studentaid.gov/help-center/answers/article/fafsa-question-total-amount-of-parents-asset-net-worth-exceed-amount-listed

Business/Farm Definitions:
https://studentaid.gov/2021/help/parent-current-business-investments-farm

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