How can I get financial aid without my parents taxes?

How to File the FAFSA Without a Tax Return. If no tax return was filed, the taxpayer’s W-2 and 1099 statements and/or the last pay stub can be used to complete the FASFA. In the event that the taxpayer is self-employed, a signed statement confirming the amount of adjusted gross income may be used.

Can I go to college with no money?

Unless you’ve made the decision to attend a no- or low-cost school, it’s possible that you’ll need to borrow money to pay for college. But student loans from the federal government or a private lender should be your last resort.

Should you apply for financial aid if your family makes too much?

One of the biggest myths about financial aid is that you shouldn’t apply if your family makes too much money. But the reality is that there are no income limits with the Free Application for Federal Student Aid (FAFSA); any eligible student can fill out the FAFSA to see if they qualify for aid.

Is the FAFSA the only way to get a student loan?

The FAFSA is a Prerequisite for Federal Loans Even if a student will not qualify for grants, filing the FAFSA makes them eligible for low-cost federal loans, which are usually less expensive than private student loans. Even wealthy students will qualify for the unsubsidized Federal Direct Stafford Loan and the Federal Parent PLUS Loan.

Should I file the FAFSA If I have one child?

Unless the parents earn more than $350,000 a year, have only one child and that child will enroll at an in-state public college, they should still file the FAFSA, as there is a good chance they may qualify for federal, state or institutional grants.

How can parents borrow money for college tuition?

Parents can borrow additional money from the federal government through a PLUS loan, but at much higher rates: 6.8\% last year. Some federal loans come with origination fees, too. The school itself may also offer parent loans.