06 May Need-Based Financial Aid for Blended Famillies
Navigating Whose Income and Assets Count When a Students’ Parents Live in Separate Households
For students whose biological parents are no longer together, the college process can include additional challenges. Most notably, the financial aid process becomes much more complicated. Care should be taken to understand details like which colleges consider both parents’ household finances and which ones only ask about the custodial parent’s household, how to determine which parent should be the custodial parent, and how to properly answer specific aid questions. Accolade Financial is experienced in assisting such families, even during difficult legal periods to work confidentially with both parties and their legal counsel. Such times can be very consuming and our primary goal is to help ensure that the best interest of the student remains relevant.