FAFSA -- Divorced parents with 2 kids- whose income

[Later2021]

Mom’s income 130k and Dad’s income 150k including 401 k contributions.

Kid stays with mom more than 80% of the time. No child support…

@thumper1

And gain, please clarify, what is are the incomes INCLUDING the contributions to 401K plans. You don’t take that amount out. Those contributions made in 2019 will be added back in as income when your FAFSA EFC is calculated.

Also, if you pay child support and/or spousal support to the parent filing the FAFSA, that must be reported as well. This would be the amount paid in 2019.

And again…I ask…what is your budget for college costs? Your student needs to know that budget.