Why Financial Aid For Single Parents Can Be A Great Help

Financial Aid for Single Parents

Financial aid for single parents is a way of bringing in more money to help deal with daily household costs and helping in supporting the child. Whether you are a single mother or father it is important that if financial assistance is required to help raise your kids that the proper guide is sought. Being a single parent often means there is only one income per family. Having to pay for a mortgage or rent and look after the kids’ needs can be a challenge.

If you are a single parent it is wise to realize that you do not always have to do it on your own. Even if you feel that you are a good parent to your child. There is no need for you to feel that you have to bear the weight of everything on your shoulders, including financially. Just because you can show yourself to be busy on all aspects and are able to look after your family alone does not mean that you have to suffer financially.

Financial aid for single parents can lift the burden of worrying about your children’s education. Often, financial complications arise in single parent families when the parent has to try and pay for their college education. There are structures in place that will provide you with financial aid to help cover such bills.

There are a number of policies that help to determine the level of financial aid for single parents, these can often be very confusing. This article will help to guide you over the process. In case you do not know, the custodial parent is the one with whom the child, specifically a student, has lived the most in the span of the twelve months that have already passed.

If the student admits that he or she did not live with a certain parent more than the other parent, then his or her parent who has provided most of the financial support in the past twelve months will be the one to fill out the Free Application for Federal Student Aid, also known as FAFSA. Another situation would be if the student lived with each of his or her parents for the equal amount of time and also if the parents provided an equal level of assistance, in terms of finances, then the parent who will claim the student for purposes of income tax should be the one to do the filling out of the FAFSA.

You must never forget that any child support or any alimony that has been received from a non-custodial parent must always be included on the FAFSA. Now that you understand this it should help you to understand more every time you read about acronym FAFSA.

The federal government does not take the income or the assets of a non-custodial parent into consideration, especially when the student’s financial needs are being determined. Just in case you do not know, many private colleges take into account the assets and income of the non-custodial parent, even if he or she does not want to be included in contributing to college costs.

These said colleges would ask for a supplemental financial aid form from a non-custodial parent. This financial aid form does a lot in affecting the awarding of the aid of the school, however, it is neither federal nor state.

Still, there are special cases wherein a number of private colleges will waive the requirements for non-custodial information. There is, however, a criterion that has to be met so that a certain single parent household will not be automatically qualified for a waiver.

If the non-custodial parent could not be found or located – this would only make it eventual that the certain parent has not made any form of child support payment recently, and it is also an indication that the parent has not been consistent in his or her child support payments.

Generally court records will be used as a way of documenting the following criteria. It should now be clear and concise to you that the above criteria must be fully documented first so that a waiver will be provided for the information that is in regards to the non-custodial parent.