By: bluefaith25

bluefaith25 — Mon, 31 Aug 2009 18:01:59 +0000

I personally think that they do. If you notice on the FAFSA they ask for a lot of information regarding parents income, tax information, and assets. I think that the financial aid system is challenging because they are trying to be fair with determining what each student/family should get but they really don't take into consideration or have a fair assessment of what each family can contribute based on the information that they gather. There are many situations where parents will say that they aren't supporting their children or providing financial assistance in any way and they will refuse to provide the information which makes it difficult for the child to obtain financial aid. I think that they like to know what type of assets a family because depending on what it is could be possibly used to assist with tuition cost. I think that everything and anything that they ask is a factor in determining what your EFC will be.
References :

By: rockinsnobin

rockinsnobin — Mon, 31 Aug 2009 17:49:59 +0000

I believe if you are under the age of 25 they do look at your parents income, unless you can provide a letter that states they will not/can not financially support you. My cousin went through this a few years ago and had to have my mom write a letter stating her parents were not helping her financially in any way
References :

Comments on: Do most college financial aid departments look at the parent’s assets or income to decide what can be offered?

By: bluefaith25

By: rockinsnobin