When Form 8865 Determining 2024

When you fill out the FAFSA, you'll be asked several questions that will determine whether you are an independent or dependent student. This is an important distinction because if you're a dependent student, then you'll need to include your parents' financial information on your FAFSA. This means that your parents' financial information will be considered along with your information to determine your eligibility for federal student aid. So, how do you figure out if you're an independent or dependent student? Generally, if you are a graduate student, on active duty in the US Armed Forces, a veteran, married, have children whom you support, or are 24 or older, then you are considered an independent student. If you don't meet any of these criteria, then you're likely considered a dependent student and will have to provide your parents' financial information when completing the FAFSA. If you have a different living situation, including divorced parents or living under the care of a grandparent or other relative, the online FAFSA will provide guidance to help you answer the parent questions. In other special circumstances, your status may not be as easy to determine, and you'll need guidance from the financial aid office at the college or career school you plan to attend. Some common questions that people often ask are: What if the FAFSA tells me I'm a dependent student, but my parents don't claim me on their taxes? Or, I've moved out of their house and I'm financially independent. While these situations do arise, they aren't part of the criteria for independent status on the FAFSA. So, you would still be required to report your parents' financial information on the FAFSA. What if I'm considered a dependent student but have no contact with my parents or access to their information? There are other options available to...