FAFSA Dependency Status 3

Question 1

A graduate or professional student is automatically classified as which type of student?

Accepted Answer

Independent

Answer

All graduate and professional students are automatically classified as independent on the FAFSA.

Question 2

Which parent's income is reported when a student's custodial parent has remarried?

Accepted Answer

The custodial parent and stepparent's income

Answer

If a custodial parent has remarried, both the custodial parent's and stepparent's financial information must be reported on the FAFSA.

Question 3

A student who was in foster care after age 13 is classified as:

Accepted Answer

Independent

Answer

Students who were in foster care or a ward of the court after the age of 13 are classified as independent on the FAFSA.

Question 4

What is the income threshold used in the simplified needs test that may exempt a family from reporting assets?

Accepted Answer

$50,000

Answer

Families with an AGI of $50,000 or less may qualify for the simplified needs test, which excludes assets from the SAI calculation.

Question 5

If a dependent student's parents were never married, which parent's information is reported?

Accepted Answer

The parent the student lived with most in the past 12 months

Answer

For never-married parents, FAFSA requires the information of the parent with whom the student lived most during the past 12 months.

FAFSA Practice Test