Did you know that separation or divorce can have a profound impact on a child’s financial aid for college? Applying for financial aid by filling out a FAFSA – Free Application for Federal Student Aid – is already a complex process, and the rules are different for divorced families. This article explains the effect that divorce can have on getting financial aid, including how the custodial arrangement between parents can have an impact on the amount that a child can receive in aid.
Divorce and Financial Aid
Did you know that separation or divorce can have a profound impact on a child’s financial aid for college? Applying for financial aid by filling out a FAFSA – Free Application for Federal Student Aid – is already a complex process, and the rules are different for divorced families. This article explains the effect that divorce can have on getting financial aid, including how the custodial arrangement between parents can have an impact on the amount that a child can receive in aid.