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"My oldest son is graduating college this May and is continuing on to grad school. I want to be done with the Parent Plus loan stuff. My question is - if I continue to claim him as a dependent, then the student loan "weight" continues to be on my shoulders? Thus far, after completing the FAFSA each year, the student loans available to him are limited, and so we take out Parent Plus loans.
If I don't claim him as a dependent this year, will that shift the loan opportunities to him?"

My understanding is that graduate students are generally considered independent, and therefore, information from the parents is not required on the FAFSA.

You will probably get more guidance on the "Paying for College" board:

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