FAFSA and retirement money

[anxiousmom]

<p>

This is NOT an optional thing. It is done instead of SS. BUT those teachers are required to add in their retirement “contributions”. Of course if they had been contributing to SS instead they would NOT have to do this. This is not an optional retirement contribution. It is required…instead of SS.

I don’t believe that is true. Teachers who have a defined benefit plan - like I do, where contributions are required, don’t have to list these as contributions on the FAFSA or Profile. (I asked the Profile people about this 4 years ago). Only additional optional contributions have to be listed. I work for a school district that participates in both SS and Texas Teacher Retirement System; both get deducted from my paycheck. I wonder how much of that money I’ll ever see!!! ;)</p>