While it “might” have implications for financial aid at some schools that use the Profile, it does not have implications at the vast majority of schools (which only use FAFSA). As I mentioned earlier, beginning with the 2024-25 financial aid year, money given to a student - including tuition paid on behalf of the student by a grandparent - is NOT reported on the FAFSA. Schools will not reduce aid if they receive payment from a grandparent.
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