<p>My husband decided to go back to school to finish his undergrad. He already has student loans from first time, I am paying off my undergard and currently taking graduate courses. We have an option to pay off some of our undergrad loans at his point. Would it affect my husband’s financial aid package or Fafsa result? Would he receive less in grants if we he have less in expenses? is there a correlation?</p>
<p>FAFSA does not ask anything about expenses. </p>
<p>You would need to run the Fafsa calculator to see if the reduction in assets (due to paying off the loans) would have an effect on the federal grants (Pell). </p>