Full question:
My sister is 21 years old, lives on her own, has a job, and pays all of her own bills. She still has to claim our parents income when she applies for Federal Aid for college, when they do not contribute. I was wondering how it would go for her to emanicpate herself from our parents since she is not a minor.
- Category: Debts and Credit
- Date:
- State: Louisiana
Answer:
Emancipation only relates to minors.
The U.S. Department of Education uses a need analysis formula set by Congress, along with the information reported on the application to calculate an expected family contribution. The expected family contribution measures the family's financial strength to pay for college, and is used by schools to determine the eligibility for federal student aid during one school year. The expected family contribution is not the amount that a family will have to pay for college nor is it the amount of federal student aid that the student will receive. It is a number used by the school to calculate the amount that the family will be expected to pay for college and the amount of federal student aid the student is eligible to receive. Your sister's eligibility for aid depends on her expected family contribution.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.
