Was Taking a Loan Out, Worth It? - page 3

Hi Everyone. I was just wondering and actually asking for some advice. For those of you out there that has already been through this, I was wondering on a couple of things regarding student... Read More

  1. by   nphan2
    Quote from jbeau
    If you are claiming yourself as an independent on tax returns for more than a year, the feds consider you independent as well. That's how it worked for me.

    I kept asking my financial aid advisor about this already... she said "no"... she said something about the whole dependency/independent status changed within the program or something.. I don't know.. then again I"m not sure she knows what she is talking about because she said that the federal loans is $2625, when I swear I read that it upped to $3500 this past summer.. I had asked her a month ago..

    Anyways, she said that even if I pull out my tax papers and my fathers to prove that I'm independent of him, it would not matter.. I can even have utility bills and my apt lease, and it will still not help.. atleast that's what she says..
  2. by   LeavingTeaching4RN
    Quote from nphan2
    I kept asking my financial aid advisor about this already... she said "no"... she said something about the whole dependency/independent status changed within the program or something.. I don't know.. then again I"m not sure she knows what she is talking about because she said that the federal loans is $2625, when I swear I read that it upped to $3500 this past summer.. I had asked her a month ago..

    Anyways, she said that even if I pull out my tax papers and my fathers to prove that I'm independent of him, it would not matter.. I can even have utility bills and my apt lease, and it will still not help.. atleast that's what she says..
    Perhaps you should try calling call the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243). Maybe they can help. I've encountered a few Financial Aid advisors who didn't have a clue. Good Luck!
  3. by   greygooseuria
    Call FAFSA, I am pretty sure she is DEAD wrong.
  4. by   nphan2
    hmm.. I never thought about calling them before... thanks for suggesting it..
  5. by   RainDreamer
    She has no clue what she's talking about. Do like the previous posters have said and call to get more information. If your parents aren't claiming you, then you're independent from them, and they have NO reason to look at your parents' financial situation.

    Start on filling out the FAFSA.

close