When it comes to financial aid it is important to understand how a student is determined to an “independent” or “dependent” student, according to the federal government. The independent status allows the financial aid analysis to be done solely on the student finances and not the parents. If that were the case it may allow the student to receive significant federal financial aid. Determining independent status is not dependent on the student paying their own taxes or if the parents don’t claim the student on their taxes. In order for a student to be considered independent, he must fulfill one or more of these conditions:
- Be born before January 1, 1992 (this is for the 2015-2016 year) (24 years old)
- Be enrolled in a master’s or doctorate program as of Fall 2015
- Be married as of the...