Monetary Support Steering for Divorced or Separated Households – School Support Professional

What Constitutes a “Divorced or Separated Household” for School Monetary Support?

Schools don’t see a distinction between a divorced or separated family.  If you happen to file tax returns individually AND are separated out of your accomplice, schools think about you a two family household.

How Does a Two Family Household File Monetary Support Types?

It is dependent upon the faculty!  There may be by no means an easy reply.  It’s essential to take a look at schools like a enterprise. All companies function a bit differently- identical to all schools.  One of the simplest ways to know how the universities you have an interest in deal with two family households is to succeed in out to the faculty monetary help division, clarify your loved ones state of affairs, and ask for steering.

2023-2024 Monetary Support Types

Federal Methodology (FAFSA)

Colleges that use the FAFSA, or the federal methodology for monetary help eligibility solely require the custodial mother or father to fill out the FAFSA. This implies solely ONE family recordsdata the FAFSA in a two family household state of affairs. The family that recordsdata is the mother or father who the coed lives with, or lives with extra.

If the custodial mother or father is remarried, then the custodial mother or father and the step-parent’s mixed info is entered on the FAFSA to find out monetary help eligibility.

Institutional Methodology (CSS Profile)

The CSS Profile is used to find out a scholar’s eligibility for institutional help by about 300 schools and universities. The CSS Profile is used  to present out grants, scholarships, and loans immediately by the universities.

These faculties additionally use the FAFSA which determines a scholar’s eligibility for federal help.  In consequence, you might be eligible for help from each the federal pot of cash with the FAFSA and the institutional pot of cash with the CSS Profile.

The CSS Profile takes a extra in depth have a look at your loved ones’s monetary state of affairs and requires extra info.  Click on right here to see in case your school or college requires the CSS profile.

Most colleges that require the CSS profile would require each the custodial and non-custodial households to finish an software.  Within the hyperlink above you possibly can see if the non-custodial mother or father is required to fill out the CSS Profile in your faculty. If each households are required to finish it you’ll full separate purposes and nobody will see one another’s info.

2024-2025 Monetary Support Types

For the 2024-2025 faculty 12 months, the FAFSA will likely be altering!  This may have an effect on the way you fill out your FAFSA within the fall of 2023. In case you are a divorced or separated household the FAFSA will now not be the custodial mother or father’s accountability.

The FAFSA will likely be filed by the mother or father that gives probably the most monetary help. It gained’t matter who the coed lives with anymore, however as an alternative who financially helps the coed extra. This will not be the custodial mother or father.

This will likely make issues a bit extra difficult and complicated for divorced or separated households, however remember- we’re right here to assist! We’ll provide help, steering, webinars, and extra weblog posts in regards to the upcoming FAFSA adjustments as we get nearer to subsequent fall.

Monetary Support Suggestions

Take note of the particular monetary help necessities for every faculty you’re making use of to. Each faculty could require one thing totally different for monetary help eligibility. It’s YOUR accountability to maintain them straight, submit the proper types, and meet the deadlines!

In case you are a divorced or separated household there are just a few extra nuances to the way you file for monetary help, nevertheless it’s not inconceivable!  When you’ve got any questions, please ask!