Effect of trusts on financial aid?

Maize_amp_Blue
Tue, 12 Apr 2005 20:08:10 +0000

There is a line item on the FAFSA asking something like “any other source of financial support for college expenses not otherwise reported here”. I’m sorry that I can’t remember the exact wording (my H fills them out), but it clearly seemed to us that it was aimed at such things as trusts, grandparents’ direct payments, etc. For subsequent FAFSA filings, I believe the education expenses paid during the prior year must reconcile with the sources.