Friday, November 25, 2011

Federal Student Aid for Married Couples?

My college friend recently told me that when she got married, the governement paid for her and her husband's schooling (because he only worked summers). A different friend confirmed this. I have been doing some research on this and cannot find any solid proof. My boyfriend and I are seriously concidering getting married but we would like to know what kinds of college expenses there will be. Does anyone know if our schooling would be covered? Either way, would you help me find the proof?Federal Student Aid for Married Couples?
The Expected Family Contribution or EFC is the number the school uses to determine financial need. The formula that is used to determine this number does take into effect that you are married because that will consider you and your spouse independent and a different formula is used for independent students vs. dependent students. Another factor is the number of people in a house hold going to college. That includes kids but I do not remember if it includes spouses. Check with a Financial Aid Counselor at a school. Income is also looked at so the more need demonstrated based on income the more in Fed Aid you can get. Keep in mind that when married if you filed together on your taxes then you have to included both incomes.Federal Student Aid for Married Couples?
There is no absolute proof because every student's situation is unique. When you are married you apply for aid using yours and your spouse's income and asset information rather than yours and your parent's information. Usually a newly married couple's income is less than your parents who have been in the workforce for a number of years. Since your income would be less you have the opportunity to receive additional financial assistance. The only way to find out for sure what kind of aid package you and your spouse could receive (assuming both of you are attending college) is to apply by completing the application at http://www.fafsa.ed.gov/. If you do plan on filing as married make sure you do not complete the FAFSA until after you are actually married. Marital status cannot be changed if you get married after you complete the application.
go to fafsa.ed.gov and fill out the application for federal aid. have it sent to the schools you are interested in attending. then contact their financial aid offices. Federal Student aid is need-based. You might also qualify for additional grants and scholarships that would not need to be repaid.
As mentioned above, the fafsa is the first step. Because you are checking the box saying you are married, your income will be based on only your husband and you. Otherwise your income is based on your parents, even if they don't pay a dime!


I haven't experience the government ';paying'; for me, but we did get more subsidized and unsubsidized loans as well as more of a Pell Grant.
Your schooling will not be free; however, there may be types of Federal Student Loans (which you must pay back 6 months after you are out of school).





Contact your school's financial aid office to determine your eligibility.





You can also check out





www.fafsa.ed.gov


www.studentloanonline.com


www.nelnet.com
when you file your fafsa, there is a spot asking if you are married. there are also fields when the SCHOOL itself has forms to fill out for financial aid.

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