Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
A few threads previous, someone mentioned following through on early retirement plans as a strategy for minimizing parental contributions under FAFSA. Can anyone expound on this?

FAFSA uses both assets and income to calculate contributions.
So if the parents are retired, there is probably a much much smaller income.

My advice would be to do a FAFSA to see what the numbers wind up as. I believe you can find places online to do that for free without giving up any real identifiable information about yourself.

I have no idea how FAFSA is done for divorced parents (or for assets/income of a new spouse for the custodial parent) - you'll have to research that.
Print the post  

Announcements

Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement