The Free Application for Federal Student Aid (FAFSA) process for students whose parents are divorced or separated presents unique considerations, particularly when parents share custody equally. The contribution expected from parents is a significant factor in determining a student’s eligibility for financial aid. In situations where parents have equal physical custody, specific rules dictate whose financial information should be reported on the FAFSA form.
Understanding these guidelines is crucial for maximizing a student’s access to grants, loans, and work-study programs. Historically, the FAFSA has evolved in its approach to divorced or separated family situations, aiming to fairly assess a family’s ability to contribute to college costs. Proper completion of the FAFSA, adhering to these rules, can significantly impact the overall affordability of higher education for the student.
