(Closed) How will getting married affect my financial aid?

posted 6 years ago in College
Post # 4
Member
2589 posts
Sugar bee
  • Wedding: September 2012

No. Once you’re married, your parents cannot claim you as a dependent, and therefore cannot apply for the ParentPlus loans.

Your parents will also not be able to file for the tuition tax credit – so I’d make sure they’re not banking on that before you make any big decisions! 

Your FAFSA will be based on his income from last year – not what he is currently making.

Post # 5
Member
2584 posts
Sugar bee
  • Wedding: June 2012

@mandypop: Yeah, you summed it up really well. You have to take EVERYTHING into consideration when you think about this. For example, are you on your parents health insurance? Will they kick you off it if you get married? You’ll still be able to get government loans though when you’re married, and more than you did before. If you need extra you could just take out a private loan, the interest rates for a private loan at my bank were about the same as the rates for the Parent Plus Loan, at least for me.

Post # 6
Member
2299 posts
Buzzing bee
  • Wedding: June 2010

It didn’t really effect my Dh’s funding. The only thing it did do was make filing finan. aid SO SO SO much easier and quicker, b/c it was just our info…not your parent’s.

Post # 7
Member
189 posts
Blushing bee
  • Wedding: May 2014

Actually, if you are…

1. Full time student under the age of 24
2. You don’t/can’t provide more than 50% of support per year
3. Have the same living location as your parents
4. Do not file jointly

You can be claimed as a dependent.

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