Skip to main content
March 3, 2024
Question

I have 2 kids in college and a 3rd going in the fall. I don't want our income to hurt them when they apply for loans/aid. Should I not include them as dependents?

  • March 3, 2024
  • 1 reply
  • 0 views
No text available

1 reply

JohnB5677
March 3, 2024

No, It does not make a difference if you claim your child as a dependent.

 

Claiming your child on your taxes as a dependent is not the same as having the child be a dependent for the student aid calculation.

There are questions that will  determine the Dependency Status of your child for the Federal Student aid application. 

Questions like 

  • Marital Status, 
  • Military Service,
  • Do you have children and other criteria come into play.

Please contact us again with any questions, and provide some additional details.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"