Post # 1
Hi I am located in Northern NJ. I am considering going back to school. Will be my first year of college. I already have some credits from a technical school(aviation). I am married with minor children. I started to fill out the financial aid application yesterday online and have some guestions…
First will having some $ saved(about 23k) will affect my changes on getting into college(I am considering a community college)
Second if my husband/I pay child support for other kids are they our dependants?
Any advice will be helpful, dont know were to ask…
Post # 3
- Wedding: November 2013 - St. Augustine Beach, FL
@brokeninnj: Fill out a FAFSA online ASAP! It will tell you what monies are available to you. Yes, having that much in savings will likely affect your ability to qualify for things like Pell grants which are based on income and assets. But you won’t know until you fill out a FAFSA.
A FAFSA is free and many schools require you fill one out anyway so just do it! Generally, dependents are only children residing in your household but the FAFSA may have another definition but it should be listed somewhere. They have help call in numbers where people can answer your questions as you go. http://www.fafsa.ed.gov/
Post # 4
- Wedding: August 2013 - The Liberty House
having money saved won’t affect your chances of getting in anywhere- most applications are need blind.
I really have no experience with the other question, but I would approach the dependent question like your taxes- if you claim them on your tzxes, then I would list them on the application.
ETA you can always call the financial aid office and ask!
Post # 5
What are you looking to do??
If you need any help I am an Assistant Director of Admissions for a Georgia College that also has an online division (I work for the online division) and Id be happy to help you with any questions (no this is not me trying to get you to come to the school I work for..)
Post # 6
@gsu02olliff: Another Admissions bee here! Hi!
Congrats on wanting to go back to school! Yes, having savings will affect your financial aid in some capacity. But you are being VERY smart in going to a community college first. I recommend you try to go full-time and work out a payment plan. The tuition will be affordable, you might just need it spread out so it isn’t all due upfront. Also, this is very important, look into what colleges your community college will have an articulation agreement with. This will mean a guarentee that your credits will transfer over, and you will be able to finish a four year degree faster. Since you are concerned about cost, I recommend stick with public schools – the value cannot be beat.
Now – do you know what your eventual goal is? I would think hard about picking a track that will get you to where you want to be asap. For example, if you want to become a Nurse, many schools have fast track programs. Same can go for Accounting. Or Teaching. I’d be happy to help with any questions you might have!
Post # 7
Whatever you do please make sure the school you attend is a regionally accredited school.. I would hate for you to go through 2 years of a program and none of your credits be able to transfer.
Post # 8
@gsu02olliff: I am planning of going to essex county college or NJIT. The money that we have saved is “our” money meaning my husband and I. I dont know if it will be a good idea taking some of the money out. About the child support I am planning of calling the financial aid office or calling the number from the financial aid website. It says something about this in their web page, but is not clearly explained. Thank you for your reply!
Post # 9
@brokeninnj: You are VERY welcome.. the FAFSA is the first step.. make sure if you have questions on it you check the bottom right box that says “Help and hints”. Also make sure that you try to use the “IRS Data retreval tool” which will make things so much easier. Good luck with everything and Im here if you need help.
Post # 10
@brokeninnj: I am not sure anyone has answered the question about the children yet – they are the dependent of whoever claims them on their tax return. From that viewpoint, if you pay child support but do not claim them on your tax return, then you can’t claim them on your financial aid.