Independent Student
Dependent Student
 
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For Dependent Students

  • Provide the appropriate information for each of the entries below.
  • Items marked with * are critical. If you leave a critical field blank, the calculations may not provide an accurate estimate.
  • "You" and "your" always refer to you as the student.
  • When you get to the bottom of the page, press the "Submit" button.

For questions about your parents:

  • Answer all the questions about your parents even if you do not live with them.
  • "Your parents" refers to the parent with whom you live more than half the time and that person's present spouse, if any.
  • If you lived with both parents equally (divorced/separated), provide information for the parent (and the current spouse, if any) who provided the greater level of financial support in the past year.
  • Grandparents, foster parents, legal guardians, aunts and uncles are not considered parents on this form unless they have legally adopted you.

Student Financial Information

The questions in this section ask for student financial information. Do not enter parent information. If you are a parent filling out this form for the student, please answer the questions using the student information.

1. Enter your adjusted gross income: *
  $
  • Enter the adjusted gross income from your most recent U.S. federal income tax return (2011 IRS Form 1040–line 37; 1040A-line 21; or 1040EZ–line 4).
  • If no return was filed, enter the amount that you earned during the last calendar year.
  • If none, enter "0."
2. Enter your federal income tax paid: *
  $
  • Enter the amount from your most recent federal income tax return (2011 IRS Form 1040–line 55; 1040A–line 35; or 1040EZ–line 11).
  • If no return was filed, enter "0."
  • Do not copy the amount of federal income tax withheld from a W-2 form.
3. Enter your income from work: *
  $
  • Enter the income from wages, salaries, tips, combat pay that was taxable and included in your adjusted gross income, etc., from your most recent U.S. federal income tax return: 2011 IRS Form 1040–the sum of lines 7 + 12 + 18 + Box 14 (Code A) of IRS Schedule K-1 (Form 1065); 1040A–line 7; or 1040EZ–line 1. Do not enter untaxed combat pay.
  • If no return was filed, add the amounts from your W-2 forms. This may or may not be the same as the answer to the adjusted gross income question.
4. Enter your untaxed income and benefits: *
  $
  • Enter the total amount of untaxed income and benefits that you received last year.
  • Include nontaxable interest, Social Security benefits, welfare benefits (including TANF), other government benefits, earnings from work for a college's cooperative education program, etc.
  • Do not include earnings reported in the adjusted gross income figure.
5. Enter the total amount of your current savings and checking accounts: *
  $
  • Enter the current or estimated balance of your savings and checking accounts.
  • Do not include lump sum pension funds or student financial aid.


Parent General Information

The questions in this section ask for general information concerning parents of the student.

6. Select your parents' marital status: *
  • If one of your parents is widowed and has remarried, select "Married/Remarried."
  • If your parents have divorced or separated, select the current marital status of the people with whom you have lived the most during the last 12 months. For example, if you lived with your mother and stepfather, select "Married/Remarried."
7. Select your parents' state of legal residence: *
 
8. Enter your father's/stepfather's date of birth:
 /  / 
mm / dd / yyyy
Enter the date of birth of the father/stepfather with whom you have lived the most during the last 12 months.
9. Enter your mother's/stepmother's date of birth:
 /  / 
mm / dd / yyyy
Enter the date of birth of the mother/stepmother with whom you have lived the most during the last 12 months.
10. Enter the number of members in your parents' household: *
  How many people will your parent(s) support during the time that you will be in college? Include:
  • yourself, even if you don't live with your parents
  • your parents
  • your parents' other children if (a) your parents will provide more than half of their support between July 1, 2012 and June 30, 2013, or (b) the children could answer "No" to all of the dependency questions
  • other people who now live with your parents and for whom your parents currently provide and will continue to provide more than half of their support between July 1, 2012 and June 30, 2013.
Note that grandparents and legal guardians are not parents.
11. Enter the number of these family members who will be enrolled in college: *
  Of the people included above, how many will be in college at least half time in a program that leads to a college degree or certificate, between July 1, 2012 and June 30, 2013? Include the following:
  • Always count yourself as a college student.
  • Do not include your parents.
  • Include others only if they will attend, at least half-time, a program that leads to a college degree or certificate.


Parent Financial Information

The questions in this section ask for parent financial information. Do not enter the student financial information in this section.

12. Enter your parents' adjusted gross income:
  $
  • Enter your parents' adjusted gross income from their most recent U.S. federal income tax return (2011 IRS Form 1040–line 37; 1040A–line 21; or 1040EZ–line 4).
  • If no return was filed, enter the amount that your parent(s) earned during the last calendar year.
  • If none, enter "0."
13. Enter the amount of federal income tax your parent(s) paid last year:
  $
  • Enter the amount from your parents' most recent federal income tax return (2011 IRS Form 1040–line 55; 1040A–line 35; or 1040EZ–line 11).
  • If no return was filed, enter "0."
  • Do not copy the amount of federal income tax withheld from a W-2 form.
14. Enter your father's income from work:
  $
  • Enter your father's income from wages, salaries, tips, combat pay that was taxable and included in your adjusted gross income, etc., from your father's most recent U.S. federal income tax return: 2011 IRS Form 1040–the sum of lines 7 + 12 + 18 + Box 14 (Code A) of IRS Schedule K-1 (Form 1065); 1040A–line 7; or 1040EZ–line 1. Do not enter untaxed combat pay.
  • If no return was filed, add the amounts from your father's W-2 forms.
  • If your parent(s) own a business or farm, also add in the amount from the IRS Form 1040–lines 12 and 18.
  • If your parent(s) filed jointly, enter your father's and mother's incomes separately.
15. Enter your mother's income from work:
  $
  • Enter your mother's income from wages, salaries, tips, combat pay that was taxable and included in your adjusted gross income, etc., from your mother's most recent U.S. federal income tax return: 2011 IRS Form 1040–the sum of lines 7 + 12 + 18 + Box 14 (Code A) of IRS Schedule K-1 (Form 1065); 1040A–line 7; or 1040EZ–line 1. Do not enter untaxed combat pay.
  • If no return was filed, add the amounts from your mother's W-2 forms.
  • If your parent(s) own a business or farm, also add in the amount from the IRS Form 1040–lines 12 and 18. If this amount was already added to your father's income from work, do not add it here.
  • If your parent(s) filed jointly, enter your father's and mother's incomes separately.
16. Enter your parents' untaxed income and benefits:
  $
  • Enter the total untaxed income and benefits that your parent(s) received last year.
  • Include nontaxable interest and dividends, welfare benefits (including TANF), Social Security benefits, child support, Worker's Compensation, Earned Income Credit, earnings from work for a college's cooperative education program, etc.
  • Do not include earnings reported in the adjusted gross income figure.
17. Enter the total amount of your parents' savings and checking accounts:
  $
  • Enter the current or estimated balance of savings and checking accounts.
  • Do not include lump sum pension funds or student financial aid.
18. Enter the amount of your parents' real estate/investment equity:
  $
  • Enter the total equity (current value minus debt) of real estate and investments. Real estate includes rental property, land, and second or summer homes.
  • Do not include your parents' home.
  • Investments include trust funds, UGMA and UTMA accounts, money market funds, mutual funds, certificates of deposit, stocks, stock options, bonds, other securities, Coverdell savings accounts, 529 college savings plans, the refund value of 529 state prepaid tuition plans, installment and land sale contracts (including mortgages held), commodities, etc.
  • Do not include the value of life insurance policies or retirement plans (pension funds, annuities, non-education IRAs, Keogh plans, etc.).
19. Enter the amount of your parents' business and/or farm equity:
  $
  • If your parent(s) own an investment farm, enter the equity of the farm (current value minus amount owed).
  • Do not include a family farm if it is the principal place of residence.
  • Do not include the value of a small business if your parents own and control more than 50 percent of the business and the business has 100 or fewer full-time or full-time-equivalent employees. For small business value, your family includes (1) persons directly related to you, such as a parent, sister or cousin, or (2) persons who are or were related to you by marriage, such as a spouse, stepparent or sister-in-law.
  • Business or farm equity is the total of the market value of land, buildings, machinery, equipment, and inventory minus the debts for which the business or farm was used as collateral.
  • If your parent(s) own an investment farm and a business, enter the sum of the two equities.