• I got in to a school with a full ride that requires I am a dependent. If I m 18 and have my own medicaid, am I still a dependent of my mom?

    Best answer: Your mom only has to cover 51% of your living expenses to call you a dependent on her taxes. Even if you have a job. So if you are in school, and she is providiing food and a room to stay in, she is covering at least 51% of your expenses and you are a dependent. Think about it; just a room alone would be a huge... show more
    Best answer: Your mom only has to cover 51% of your living expenses to call you a dependent on her taxes. Even if you have a job. So if you are in school, and she is providiing food and a room to stay in, she is covering at least 51% of your expenses and you are a dependent. Think about it; just a room alone would be a huge expense for you to pay on your own at this point.
    5 answers · 18 hours ago
  • What’s the purpose of taking out a loan to pay off college debt, when you can just pay the school directly?

    Also, can’t you set up a payment plan with the school instead of worrying about loans and high interest rates.
    Also, can’t you set up a payment plan with the school instead of worrying about loans and high interest rates.
    12 answers · 1 week ago
  • What does it means when they ask me my Gross employment income?

    I have to fill out an application for financial aid, and they ask me to report my total gross employment income for each job held between January 1 and December 31, 2017. I'm a university student and I have a part time job, in which the number of hours i do always changes. It can go from 12 hours, or to 16... show more
    I have to fill out an application for financial aid, and they ask me to report my total gross employment income for each job held between January 1 and December 31, 2017. I'm a university student and I have a part time job, in which the number of hours i do always changes. It can go from 12 hours, or to 16 hours another week. Plus I get paid bi-weekly. So how do i calculate that?
    8 answers · 6 days ago
  • How do I get financial aid?

    I'm tired of working for a living
    I'm tired of working for a living
    4 answers · 3 days ago
  • Do Pell Grants have to be paid back if I finish up the school year?

    If I complete my first year of community college that was paid with a Pell Grant, and I don't return the 2nd year, do I have to pay the grant back? Technically, I'm not dropping out but rather taking time off.
    If I complete my first year of community college that was paid with a Pell Grant, and I don't return the 2nd year, do I have to pay the grant back? Technically, I'm not dropping out but rather taking time off.
    6 answers · 5 days ago
  • Is it wrong of me to be upset that my parents won't pay for college?

    ok here goes my parents make a **** ton of money, they both have college degrees, businessowners, etc I have worked so (so) so hard to have grades and scores that will get me accepted into basically any school I want to go to, I've done my part to the best of my ability so the only conflict is money They... show more
    ok here goes my parents make a **** ton of money, they both have college degrees, businessowners, etc I have worked so (so) so hard to have grades and scores that will get me accepted into basically any school I want to go to, I've done my part to the best of my ability so the only conflict is money They want me to go to a local school that lets in every student who applies so that I get nearly free tuition thanks to merit aid (we don't get financial aid). They won't say this outright but instead have told me the amount of money they are willing to invest in my education. Having already set my sights on a "dream" school--aka any of the 9 colleges I applied to that aren't this one single safety school-- I found it upsetting to learn that I won't be able to attend them unless I somehow make the money to pay for a college education myself. Am I right to be upset or am I just being ungrateful here?
    10 answers · 2 weeks ago
  • Default student loans... what can I do?

    Best answer: Because each situation is unique, you should contact the servicer of the loans for an accurate answer in your particular case. If you don't know who that is, you can find out by going to www.nslds.ed.gov. However, in general: To get out of default, you have two possible options: rehabilitation, or... show more
    Best answer: Because each situation is unique, you should contact the servicer of the loans for an accurate answer in your particular case. If you don't know who that is, you can find out by going to www.nslds.ed.gov. However, in general: To get out of default, you have two possible options: rehabilitation, or consolidation. To rehabilitate your loan, you would need to make 9 on time payments under a payment arrangement you set up with the servicer of the loans. There are a number of options, including some that are based on a percentage of your disposable income. If you have a federal student loan that is not in default, you can also get out of default by consolidating the defaulted loans with the one that is not defaulted. All of the loans will be paid off and replaced with a single new loan that is not in default. Usually, you will be placed in an income based repayment plan. Although there are ways to lower the payments by choosing extended term or income based payment plans, there probably is no immediate way to lower the loan other than paying it. There is a very limited loan discharge program that affects some students who attended Brown Mackie, but it applies only to students who attended certain branches of the school in Indiana, attended for less than 45 days and whose last day was between 2006 and 2014. Since you graduated and were there in 2015, it doesn't seem like that would apply to you. However, the cases against EDMC (the parent company of Brown Mackie), are constantly evolving, so you really should speak with the servicer of the loans for the most current information. Other than that, once your loans are out of default, if you qualify, you can participate in certain loan forgiveness programs, such as the Public Service Loan Forgiveness program, or forgiveness for volunteer service with AmeriCorps or Vista. You can find full information about your payment and loan forgiveness options at the official government student loans sites: studentaid.gov and studentloans.gov Concerning your tax refund, the answer is probably not. Although they are entitled to attach any government payment to satisfy your debt, the IRS generally does not do that without prior notice, so if you haven't heard from them yet it probably isn't going to happen this year--but there are no guarantees. If you file jointly, they can take the entire refund, including your husband's share, but he can file an injured spouse allocation form when you file and may be able to protect his share. You should ask your tax preparer to help you decide if it makes more sense for you to file a separate tax return.
    5 answers · 2 weeks ago
  • FAFSA question please help! Best answer awarded?

    Best answer: No. The FAFSA will ask if you were convicted of a drug crime while receiving federal student aid. In order to receive federal student aid, you have to be in college. So, convictions that occur when you are a high school student do not count.
    Best answer: No. The FAFSA will ask if you were convicted of a drug crime while receiving federal student aid. In order to receive federal student aid, you have to be in college. So, convictions that occur when you are a high school student do not count.
    5 answers · 3 weeks ago
  • Do you know of any grants to help with people with disability get a apatment?

    Best answer: As a disabled individual, you may be eligible for public and private housing grants and loans, including financial aid for home modifications. ... Once you have established your needs, determine
    Best answer: As a disabled individual, you may be eligible for public and private housing grants and loans, including financial aid for home modifications. ... Once you have established your needs, determine
    5 answers · 3 weeks ago
  • Hey can my parents really do this?

    I'm going to college, my parents are threatening to pull me out of school because I ingested a little pot cookie (My first high btw, hell, my father was emotionally abusive most of my life), I'm on FASFA, is this really possible? Is my mother just bluffing? My grades are excellent.
    I'm going to college, my parents are threatening to pull me out of school because I ingested a little pot cookie (My first high btw, hell, my father was emotionally abusive most of my life), I'm on FASFA, is this really possible? Is my mother just bluffing? My grades are excellent.
    16 answers · 4 weeks ago
  • My college sent me a 1098-T form. what is it for?

    im not familiar with this since it is my first year in college. i applied for financial aid
    im not familiar with this since it is my first year in college. i applied for financial aid
    4 answers · 3 weeks ago
  • How bad would it be to put my moms info on fasfa even though i don't really live with her?

    so my parents are divorced. i live with my dad full time, my mom maybe 2 nights a month even though she lives 2 minutes away. she makes under 20k a year with a lot of help from her boyfriend, and didn't file her taxes last year. my dad makes over 100k a year. I'm an only child so obviously if they see he... show more
    so my parents are divorced. i live with my dad full time, my mom maybe 2 nights a month even though she lives 2 minutes away. she makes under 20k a year with a lot of help from her boyfriend, and didn't file her taxes last year. my dad makes over 100k a year. I'm an only child so obviously if they see he only supports himself and i, i probably wouldn't receive any aid, even though he's barely paying anything for my college. they both have equal custody of me. I'm just wondering how risky would it be to put her info down to receive more aid? (when obviously they want the parent who takes care of you the most info)
    6 answers · 3 weeks ago
  • Student loan anxiety?

    I'm a student, I had went to film school and graduated, and now I'm studying social services and currently in my final year. One thing that worries me is student loan debt, I'm currently 23 grand in debt, and it builds a lot of anxiety. I'm currently 22 years old and have been going to college since... show more
    I'm a student, I had went to film school and graduated, and now I'm studying social services and currently in my final year. One thing that worries me is student loan debt, I'm currently 23 grand in debt, and it builds a lot of anxiety. I'm currently 22 years old and have been going to college since I was 18. Is 23 grand in debt at age 22 going to effect the rest of my life even if I work in the field of my study?
    7 answers · 4 weeks ago
  • I only have a certain amount to pay for college - is there a way to let their financial aid office know this?

    Best answer: Not directly. They will determine whether or not you are eligible for federally-based financial aid, and how much you and your family are expected to contribute to your education, based on the information you report on the FAFSA, regardless of what your parents contribute. (You should have reported these savings on... show more
    Best answer: Not directly. They will determine whether or not you are eligible for federally-based financial aid, and how much you and your family are expected to contribute to your education, based on the information you report on the FAFSA, regardless of what your parents contribute. (You should have reported these savings on your FAFSA.). This is called the EFC - Expected Family Contribution.
    Then the FAFSA agency will send this information to the school(s) you indicated on the form, and THE SCHOOL -- not FAFSA -- determines the type and amount of financial aid you are offered.
    For example, you may be eligible for a Pell grant and student loans, but if the school offers you a full-ride scholarship, that is all you will be offered -- because you don't NEED any more aid.
    Usually, however the school calculates how much it will cost to attend, deducts the EFC, and then tries to come up with aid to cover any remaining amount of the cost. Sometimes they can cover all of it, and sometimes they cannot.
    That is why you should examine your financial aid package carefully. Even if all your "need" is covered -- it may be covered all by loans, which means DEBT to you!
    6 answers · 4 weeks ago