![]() If you're an independent student, you only need to include your income and assets (and those of your spouse, if you're married).If you're a dependent student, you must include your family's income and assets when you complete the FAFSA.There's one simple reason why independent student FAFSA applicants receive more financial aid : Why do independent student FAFSA applicants get more financial aid?ĭependency status matters a lot when your financial aid eligibility is determined. Financial aid applicants must fulfill specific requirements to be classified as independent, rather than dependent. Most students are not FAFSA independent students because they still receive financial support for their parents. When you apply for financial aid as a FAFSA independent student, only your income counts towards calculating the amount of student aid you are entitled to. Generally, a financial aid applicant is classified as a FAFSA independent student if they are over 24, married, or have dependents of their own. This guide will explain why classifying as an independent student FAFSA applicant can help you to land more financial aid.Ī FAFSA independent student is a student who is not classified as a dependent for purposes of determining financial aid eligibility. When completing the FAFSA, independent student applicants generally receive much more financial aid than those who are considered dependents. Your dependency status is one of the most important. Many factors affect your expected family contribution and thus change the amount of financial aid you're entitled to. You're then awarded aid based on the difference between the COA and your EFC. Your EFC is compared with the Cost of Attendance (COA), which your school reports as the total price of attending a program including tuition, room and board, and living expenses. This is the amount you're expected to pay towards your education. Based on the information you provide, your Expected Family Contribution (EFC) is calculated. You'll need to complete the Free Application for Federal Student Aid (FAFSA) and provide details on income, assets, and family status. Unfortunately, you don't get to determine how much help you are offered to pay for school. Most college students rely on at least some type of financial aid.
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