CSS Profile and Divorced Parents with Unequal Assets

twoinanddone
Sun, 22 Nov 2020 03:32:40 +0000

For the FAFSA it doesn’t matter which parent has legal or tax custody, it matters who the student lives with the most in the 365 days before filing. If your student lives with you all holidays and weekends and all summer, you may be the parent whose income counts on FAFSA. It may work better for your child if that is you if your income and assets are lower.

Your child may want to go to a CSS school, but that may not be possible. Your divorce decree says you have to cooperate, but the schools don’t care and won’t enforce your decree. What you don’t want to happen is for your child and ex to agree to a $75k school and he agrees to pay $30k but there is no way you can afford to pay your half, or $30k too.