I am currently 19 and have been dating a girl for 5 years. We are both currently enrolled at Drake University and it is costing us each approximately $19,000 a year. Tuition is $30,000 before scholarships. We are both sophomores. The question is not whether or not we should get married, but rather the benefit financially to getting married.
If we were to get married would Fafsa work off of our income? Neither of us currently get any money from the government. Does anyone have a clue as to how much money we would *probably* get? We would only save on our senior year of college each because of the timing of us getting married and sending fafsa in.
2007-09-29 13:34:56 · 3 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
If you are married at the time you filled out your fafsa, you would report your and your spouses income and assets. You can't update a fafsa re: marriage status once it's been filed, because... at the time you signed it either you were or you weren't.
As for how much you *probably* would get, all I can do is give you some facts about Pell grants... and this is not a guarantee at all... I have no idea what your income is... you would need to file with fafsa to be sure.
The maximum amount of Pell grant someone can get per semester is 2155.00. The state version of this type of grant varies greatly and I have no idea what state you are in. Another change, going from dependent to independent would increase the amount of money you each could borrow. I'm attaching a good publication.... in the back is a chart with details.
Good Luck
2007-09-30 16:57:12 · answer #1 · answered by Anonymous · 1⤊ 0⤋
When a person marries, it qualifies them for financial aid based on their income and their spouse's income along with the savings. However, once a form is filed for the current academic year, the marital status cannot be changed. It will benefit you for the upcoming academic school year. In actuality, you could still get married in time for the FAFSA filing for your junior year and get the benefits of the married status. However, married status means that you two have a marriage certificate. I will include some resources below which should help in finding money for your junior year of college. Good luck!
2007-09-30 01:16:17 · answer #2 · answered by dawncs 7 · 0⤊ 0⤋
As a married couple, you would no longer have to claim your parents income on your FAFSA forms. But, if your parents are paying for your school, will they continue to do that if you get married? If you get married this year, you can update your FASFA for spring and maybe get money for the last half of this school year. As for how much you would get, check out the FASFA website. Look for the "Maximum Grant" information. If you have no income, you will get the max. Good luck.
2007-09-29 21:54:38 · answer #3 · answered by zaleonia1 4 · 0⤊ 3⤋