What is the question 70 on the FAFSA?

This is question 70 on the FAFSA. The response indicates the number of people in the student's parents' household, including the student, who will be college students between July 1, 2023 and June 30, 2024.

What is the question 71 on the FAFSA?

This is question 71 on the FAFSA. The response indicates whether the student, the student's parents, or anyone in the student's parents' household (question 69) received benefits from Medicaid or the Supplemental Security Income Program (SSI) at any time during 2021 or 2022.

What is the question 75 on the FAFSA?

Questions 75 – 79 ask whether you (the student) or anyone in your parents' household received benefits from federal programs – such as the Temporary Assistance for Needy Families program – during 2015 or 2016.

Do siblings count as household?

Your parents' household size should include yourself, your parent(s), and children (other than yourself) who will receive more than half of their support from your parent(s) between July 1, 2023, and June 30, 2024. Include siblings who would be considered dependent based on the FAFSA dependency questions.

What is the household question on the FAFSA?

Your household size should include yourself, your spouse (if married), your children, and other dependents (who are not your children or spouse) who will receive more than half of their support from you (and your spouse) between July 1, 2023, and June 30, 2024.

FAFSA Question 61-70

Does FAFSA check household income?

Your family's taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) all could be considered in the formula. Also considered are your family size and the number of family members who will attend college or career school during the year.

How much household income is too much for FAFSA?

Students often skip filling out the FAFSA because they think their families make too much money to qualify for aid. However, there are no FAFSA income limits, so you can submit it—and potentially get valuable financial aid—regardless of your family's earnings.

Does living with your parents count as household income?

Either way, when it comes to calculating subsidy eligibility, you and your parents are considered one household for tax filing purposes, since they claim you as a dependent on their return. So your combined household income would need to be listed, along with the total number of people in the household.

Does FAFSA ask for siblings income?

Only income and benefits received by the student and parents are reported on the FAFSA.

Does my girlfriend count as household?

Include an unmarried domestic partner only if you have a child together or you'll claim your partner as a tax dependent. Don't include people you just live with — unless they're a spouse, tax dependent, or covered by another exception in this chart.

What is the question 90 on the FAFSA?

This is question 90 on the FAFSA. The response indicates the total number of people in the student's household in 2023-2024.

What does question 85 on FAFSA mean?

Parent Assets: These questions are about the student's parent(s). FAFSA Question #85. As of the day you first submitted the 2023-2024 FAFSA, what is your parents' total current balance of cash, savings, and checking accounts?

What is question 37 on FAFSA?

This is question 37 on the FAFSA. The response indicates the student's (and his/her spouse's) combined total from cash, savings, and checking accounts as of the day the FAFSA was completed.

What is the question 55 on the FAFSA?

This is question 55 on the FAFSA. The response indicates the student's parents' marital status as of the date the FAFSA was completed.

What is the question 59 on the FAFSA?

FAFSA Question 59 asks about your parents' marital status. There are five options that you can select: Never Married. Unmarried and both parents living together.

What is the question 97 on the FAFSA?

This is question 97 on the FAFSA. The student may qualify as a dislocated worker if he or she meets one of the following conditions: He or she has lost his/her job. He or she has been laid off or received a lay-off notice from his/her job.

Do I qualify for financial aid if my parents make too much?

The good news is that the Department of Education doesn't have an official income cutoff to qualify for federal financial aid. So, even if you think your parents' income is too high, it's still worth applying (plus, it's free to apply).

Does a child in college count as living at home?

Age - the child must be under age 19 or a full time student under age 24 at the end of the year. Residency - the child must live with the taxpayer for more than one-half of the year. The child is considered to live with the taxpayer while he or she is temporarily away from home.

Is FAFSA removing sibling discount?

But that “sibling discount,” as it was known, is ending. The new FAFSA, opening in December, will ask about the number of children attending college in the 2024-25 school year. But this information won't automatically boost the amount of aid the family receives.

What household income is considered good?

The real median household income in the U.S. is around $71,000, according to the latest Census Bureau data. In order to be in the top 20% of income, you'd need to earn nearly double that amount or an average of $130,545 per year.

When should I stop claiming my child as a dependent?

To meet the qualifying child test, your child must be younger than you or your spouse if filing jointly and either younger than 19 years old or be a "student" younger than 24 years old as of the end of the calendar year.

Can I claim my girlfriend as a dependent?

You can claim a boyfriend or girlfriend as a dependent on your federal income taxes if that person meets certain Internal Revenue Service requirements. To qualify as a dependent, your partner must have lived with you for the entire calendar year and listed your home as their official residence for the full year.

What disqualifies you from FAFSA?

For example, if your citizenship status changed because your visa expired or it was revoked, then you would be ineligible. Other reasons for financial aid disqualification include: Not maintaining satisfactory progress at your college or degree program. Not filling out the FAFSA each year you are enrolled in school.

Will I get financial aid if my parents make over $200 K?

Even if your family makes multiple six figures a year, you can still get financial aid. That said, not financial aid is created equal. Ideally, you want free money, or grants not loans.

Will I get financial aid if my parents make over $400 K?

A common myth is that students from high-income families won't qualify for FAFSA funding. In reality, there's no maximum income cap that determines your eligibility for aid. Although your earnings are a factor on the FAFSA, only some programs are based on need.