Federal Student Aid Dependency Criteria at Ozarks Technical Community College
Explore the intricacies of determining dependent vs. independent status for Federal Student Aid eligibility at Ozarks Technical Community College's annual workshop. Learn about the criteria, parental responsibilities, and potential dependency overrides for students seeking financial aid.
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Presentation Transcript
Ozarks Technical Community College 16thAnnual Counselors Financial Aid Workshop
DETERMINING DEPENDENCY STATUS Ozarks Technical Community College 16thAnnual Counselors Financial Aid Workshop
Federal Student Aid Eligibility Based on principle of familial financial responsibility Requires the Free Application for Federal Student Aid (FAFSA) Requires parental information for students under 24 and may require additional verification Ozarks Technical Community College 16thAnnual Counselors Financial Aid Workshop
Dependent or Independent? For Federal Student Aid Purposes Cannot declare independence Status is determined by FAFSA questions Independence may require documentation Ozarks Technical Community College 16thAnnual Counselors Financial Aid Workshop
Who is a Parent on the FAFSA? Parents include: Biological Parents Married Unmarried but living together Adoptive parent(s) Parent and Stepparent, if parent is remarried Parents do NOT include: Foster Parents Legal Guardian who has not adopted student Relatives who have not adopted student Ozarks Technical Community College 16thAnnual Counselors Financial Aid Workshop
If the student can answer YES on the FAFSA to one of the following, he/she may be independent: Born before 1/1/1992 Married Graduate or Professional Student Active duty military Veteran Children/Dependents Orphan/Ward of Court Emancipated Minor Legal Guardianship Homeless Determined by agency specified on FAFSA Special Circumstance Determined by FA Admin Ozarks Technical Community College 16thAnnual Counselors Financial Aid Workshop
Dependency Overrides Special Circumstances: Abuse at home Abandonment by parents NOT Special Circumstances: Not claimed on taxes Not living with parent(s) Parent refuses to provide information Ozarks Technical Community College 16thAnnual Counselors Financial Aid Workshop
