Thursday, May 13, 2010

When you get married does it affect how much you get for financial aid?

My fiance and I want to get married soon but I want to wait till after I graduate. We really wanna get married this summer but we are both scared it will mess with our financial aid for school, that we will get less. Is that true? If not what conditions apply to getting financial aid for school while being married?When you get married does it affect how much you get for financial aid?
Two incomes will affect your student aid. However, if between the two of you, you still make under what they think you should be making, you should be all right. If you are both students, I suspect you could possibly get more financial aid. But, who knows how exactly they base financial need, it all seems a little screwy to me. You might want to try talking to the financial aid office at your school. They are usually pretty helpful.





A site I've used...





http://www.FinancialAidQuick.com/





Hope that helps.When you get married does it affect how much you get for financial aid?
It depends on what your income is when you combine your fiance's and yours together. Instead of basing the need for financial assistance on your income it is your joint income once you are married. Your best bet is to sit with your fiance and figure out how much the both of you make together and talk to a financial advisers both of your campuses.
Yes. Your financial aid is determined based on your income. When you're married you have to report both you and your spouse's income. If you are currently not married and you're using your parents' information then you might end up with more if the combined income of you and your fiance is less than that of you and your parents' income.
Your financial aid is based off your income so, it will really depend on your combined income. You should speak with your financial aid rep at your school, they would be the best ones to answer this for you

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