Both of my parents are deceased. My father died in a work related injury. I receive workers' compensation on his behalf. When I fill out the fafsa, I never qualify for financial aid even though I desperately need it. Since my parents are deceased, everything (bills, living expenses) falls on me and it would be very difficult for me to pay for school out of pocket and support myself. Does the worker's compensation have to be reported on the fafsa? Is there a loophole or way around reporting this legally, I wouldn't want to lie and be penalized. Any advice is appreciated. Thanks in advance.
2006-11-04 07:21:50 · 4 answers · asked by smartypants 1 in Education & Reference ➔ Financial Aid
I believe since your father sustained an injury that resulted in his death and you are just a beneficiary of the proceeds, I would think the answer would be yes! It is a source of income and your financial status has no bearing unfortunately! If it were your own workers comp from an injury you sustained things might be different in the fact that workers comp is obligated under law to re-train you. Therefore, you could chose a ciriculum and they would foot the bill (but that too has exceptions and regulations)!
Sounds like your caught between a rock and a hard place on this one!
You always have the opportunity to contact philanthropist who may be willing to help you out! Generally speaking, they are highly educated people who promote education therefore giving much of their fortune in that area! Can't hurt to try!
2006-11-04 07:34:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
All sources of income should be reported. Millions people are in the same boat (can't pay out of pocket but don't get aid). It stinks. I am glad to hear you are receiving your dad's workmen's compensation--at least you didn't get screwed out of that.
2006-11-04 22:40:23 · answer #2 · answered by Dee 4 · 0⤊ 0⤋
All income and assets must be reported, so yes, you must report it. Unless you also received a significant amount of property from your parent's estate it is not likely that the money that you receive will effect your eligibility for such things as Pell, FSEOG, or ACG/National SMART.
2006-11-04 21:39:33 · answer #3 · answered by S Robert 2 · 0⤊ 0⤋
Yes, it does and there is no loophole. Report it or you'll sink... It's going to show up when they check you out... Also report ALL expenses, and you'll have a better chance.
2006-11-05 03:52:46 · answer #4 · answered by ? 2 · 0⤊ 0⤋