Effect of parent going to school full-time on aid.

Paying for College
1

<p>Hey folks!!!</p>

<p>I am in the US Navy and am eligible to “retire.” Here’s my situation…</p>

<p>I have two kids, three years apart. One is going into senior year in HS. The other will start 9th grade at a private school.</p>

<p>If I decide to retire, use my GI Bill and go to school full-time, how does that impact my FAFSA qualification? Have you ever seen someone do this?</p>

2

<p>Regarding the FAFSA, if you and one child are both in college at the same time, your EFC should be cut in half and divided evenly between the two of you, the same as if there were two people in college.</p>

3

<p>You being in college will not have any effect on your children’s FAFSA. When filing a FAFSA for a dependent student, it specifically instructs you that parents going to college do not count as “number in college” – only other dependent children.</p>

<p>However on your FAFSA, you will be able to list your children as also attending college at the same time as you.</p>

4

<p>Veterans’ education benefits are not counted as a resource when determining financial aid (although non educational benefits are considered in the formula). Many larger schools have a veterans’ office - you might try contacting one in your state to get more information - it’s their specialty!</p>