Saturday, August 21, 2010

How does being married affect the amount of money one can acquire from FAFSA/Financial Aid?

My boyfriend and I are both very serious and are considering getting married. However we are both full-time students and don't know how being married will affect the money we receive from FAFSA/Financial Aid.


We are currently dependents of our parents, live on campus and do not have any sort of income (We probably wont have an income once we're married because we'll still be full-time students).


Will getting married increase or decrease the amount of money we will receive from FAFSA/Financial Aid?


How does being married affect the amount of money one can acquire from FAFSA/Financial Aid?
Once you marry you become independent of your parents and no longer have to include their income on your FAFSA. If you don't make any money then you will get an EFC of 0 and will receive a good amount of aid.





However, not getting a job is an insanely stupid thing to do because you won't get enough to fully cover your schooling and then you'll be left having to take out loans.

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