FAFSA tips with a lot of dependents

Mwfan1921
Wed, 09 Oct 2019 14:45:59 +0000

We’ve committed to our kids to pay for their first 2 years of CC but their 4 year school will be theirs on loans…

Juniors and seniors are limited to $7,500 in Direct Student loans each of the two years.
Any loan amounts beyond that will require parental involvement either by the parents taking out Parent Plus or private loans, or by co-signing private loans in the student’s name…either way parents will be legally responsible for repayment.

Also many 4 year colleges often do not accept all CC credits…students must plan carefully and it’s often best to transfer to a 4-year college that has an articulation agreement with the CC.

Lastly, many schools offer significantly less fin aid for transfers, again requires carefully planning/research.

Good luck.