Tuesday, May 11, 2010

How will my financial aid be affected if I don't have kids and I get married?

I'm planning to get married, but Im not planning to have kids any time soon. How will my financial aid be affected? Will I still be able to qualify? We both work, and our income is about $23,000 each....please help!How will my financial aid be affected if I don't have kids and I get married?
They will look at your income and your spouse's income, but your parents' income will no longer be taken into account. If you and your spouse make less than you and your parents then you aid will likely increase.How will my financial aid be affected if I don't have kids and I get married?
You will be classified as an independent student rather than an independent student, so the amount of money you will be able to borrow will increase. That's about it. With both of you earning that much money, you won't likely be eligible for any kind of free grants.

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