Financial Aid and Divorce
"Navigating the financial-aid process is hard enough. Families with divorced parents face an even tougher time," The Wall Street Journal reports. "If the parent filing the Fafsa is remarried, he or she has to include the stepparent's financial information on the form, even if there is a prenuptial agreement saying he or she doesn't have to contribute to college costs, says Karen McCarthy, policy analyst at the National Association of Student Financial Aid Administrators. ... Most colleges look at a family's Fafsa when doling out their own financial awards. At some schools, this means they might be looking at only one parent's income, which could mean a bigger award than if both parents showed their finances, says Ms. McCarthy."
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NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.