FAFSA and Retiree parents

Chedva
Sun, 10 Feb 2008 16:20:47 +0000

First, my sincerest condolences on your loss. I’m sure this past year has been very hard on you.

When it says, “Don’t include the value of life insurance”, it means don’t include the cash value of the life insurance *policy/I. It doesn’t mean “Don’t include the proceeds from a life insurance policy.”

The FAFSA asks about your occupation, doesn’t it? That’s where you would indicate “Retired.” And it also asks how long you’ve been widowed. Both these things will help.

Then, once you’ve submitted FAFSA to the various schools, you can write to them with these “special circumstances”. You can also indicate them on the CSS Profile for those schools that require it.