Learning Library Quick Answers Financial Aid Planning

Can a student claim residency in a state other than what their parent's claim?


Scenario: A military family lives in South Carolina, but the parents claim Illinois as their state of residence. Two of the three ....

Can a student fill out the FAFSA using his grandmother's financial information?


Scenario: Student is living with grandmother. The dad has remarried and provides minimal child support. The mother is deceased. Do....

Can an "international student" be eligible for financial aid?


Scenario: A client is an "international student" in the U.S. The client is not a U.S. citizen and does not have a Green Card.Is th....

Can an UGMA be transferred to a younger sibling to reduce the EFC of an older sibling?


Answer: No, because it is illegal to take funds out of an UGMA account unless it is for the benefit of the student.....

Can both parents apply for the PLUS loan?


Answer: Yes, as long as their loans do not exceed the cost of the child's education.....