How old do you have to be to get a loan for college on your own in Missouri?
If you are still living at home while in college your parents income will be counted, so you have to be totally independent and NOT claimed on your parents taxes as a dependent. So, it isn't dependent on age, but income. ...
Asked in Loans
Is there an income requirement to qualify for FAFSA loans?
FAFSA has five types of federal loans available; most have income requirements, but not all. The loans that have income requirements are the Federal Perkins Loan and Subsidized Stafford Loans. The loans that do not have income requirements are PLUS loans (parents, or graduate and professional student), unsubsidized Stafford Loans, and consolidation loans. If a student is a dependent of their parents, the parents income will count towards meeting income requirements. Loans that are not income dependent do require good credit. http://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp ...
Is a dependent child who is a student required to pay taxes on monthly income they receive from their parents?
No. The money that your parents send you for educational and personal needs has already been subject to taxation. ...
Would a low income full time college student be eligible for section 8 housing assistance?
That depends on who lives in the household, how old you are, if your parents are income eligible for section 8 as well. ...
Asked in Personal Finance
Can someone with bad credit get student loans?
Student loans are decided upon the income of the student and their parents and also the college course for which they are applying. Debt is not normally considered so even someone with bad debt would possibly be able to get a student loan. ...
Can you get student loans with a bankruptcy on report?
Most federal student loans are not based on credit but rather financial need determined by your FAFSA. The FAFSA looks directly at your income and your parents income if you are a dependent, in comparison to the estimated cost of attendance at your educational institution. For the most accurate information check out the related link. ...
Asked in Credit and Debit Cards, Credit
Do you need a job to get a credit card?
Normally you need a source of income to get a credit card. Some credit issuers, though, will issue a credit card to a college student based on his parents' credit record; this is done with the parents' permission, usually with the condition that the parents are responsible for any delinquent balances. (This helps the student establish a credit rating, with the risk of the student demolishing the parents' rating.) ...
Asked in College Savings
What percent of parents pay for child's college education?
"Today, the remainder of college payments come from student borrowing (18%), parent borrowing (9%), student income and savings (11%), and relatives and friends (5%)" (Adams, S., Forbes.com. accessed 1 May 2014) ...
What should you do if you need more money for college because your aid doesn't cover it and you don't have income and your parents have bad credit so you don't qualify for anything?
All of the college campuses have student aid centers. They are willing to help find ways for their students to pay for college. You might have to take out a student loan. ...
Asked in Colleges and Universities
How can a college student on a low income make their own chairs?
A low-income college student can make their own chairs out of practically anything. Whether it be cardboard, styrofoam or even through the use of other objects laying around. ...
How do you get your kids college grades?
Ask your child for them. Let me ask you a question. Do you ever make an investment without seeing the return on investment? Probably not. Ask your child for a transcript. The student can easily obtain an unofficial transcript from the office of the registrar, but most colleges provide student access to their grades right online. The college I teach at does. Because of the privacy act, the college or university will not release any student information - even to parents -...
Do you file for taxes if you are a full-time student dependent on student loans?
Yes it is possible that as a full time student you would be required to file a 1040 federal income tax return ...
If your parents make too much would getting married help you get better student loans?
Getting married does make you independent of your parents income, however you need to consider your income as well as the income of your future spouse. ...
Can you take out student loans if your parents have unfiled income taxes?
You can but as soon as your parents file their taxes you will have to amend your FAFSA application and it may alter the amount for which you are eligible in student financial aid. ...
Asked in Loans
How do I get a student loan with bad credit?
When you apply for a student loan you go through the college financial aid office. They will have you fill out a federal student aid form. The form is really centered on income and less on credit. If you are still living at home and supported by your parents they will be required to fill out an income section and attach tax forms. If you are older and living on your own you are considered independent and will answer the income...
What is the minimum income requirement in order to file an income tax return individually and not as a dependent?
Everyone is allowed to file an individual tax return, whether they are a dependent or not. Even if you are a dependent, you are required to file your own tax return if you have sufficient income to require the filing of a tax return. There is one exception: If a child under 18 (24 if a fulltime student) has income ONLY from interest and dividends and has income under $9500 (in 2009), the parents may report the dividends and interest on Form...
How can low income parents help their children get the best college education?
They can make sure their child is getting the best education until college. The better a student does in High School, the more likely that student is to get scholarships and student aid. Also, scholarships are often awarded for involvement in service activities or involvement in a desired future field. If a college student doesn't have to worry as much about paying for school, he won't have to work as much and can devote more time to studying. ...
Asked in Student Loans and Financial Aid
Apply as an Independent?
Some students will find that it is in their best interest to apply as an independent on the federal pell grant application. If a student applies as a dependent, then a school may automatically reject his or her application for the high income of a set of parents. Independent students usually have a low income and can qualify for pell grants. ...
Asked in Taxes and Tax Preparation, Income Taxes
How long can a person be claimed as a dependent on their parents income taxes?
So long as they live at home, their parents are providing over 1/2 of their support, and they are either a. a full-time student under the age of 24, or b. making less than $3,500 (for 2008) per year ...
Asked in Sociology
Independent variable examples?
They are the variables that you think predict some outcome (which is considered the dependent variable). So you might have a theory that gender and age predicts personal income. Gender and age are the independent variables, and income is the dependent. The choice of whether a variable is independent or dependent often is driven by the question you're trying to answer. So in many cases it's possible that the same variable could be an independent variable in one analysis, but a dependent variable...