My parents can not help me pay for college and for the last 2 years I have had to take out loans. The reason for this is because the financial aid office says that my parents make just over the cap and should be able to help me, even though they cant.
This is for a community college where the tuition is not that great. I will be transferring to a college with a much larger tuition next semester and I was wondering that if I file as an independent for my taxes, will that heighten my chances of getting more aid than I would get if I was a dependent? (I am 20 years old if that matters. Going to be 21 in April) What would be the consequences of filing as an independent?
Thanks!
This is for a community college where the tuition is not that great. I will be transferring to a college with a much larger tuition next semester and I was wondering that if I file as an independent for my taxes, will that heighten my chances of getting more aid than I would get if I was a dependent? (I am 20 years old if that matters. Going to be 21 in April) What would be the consequences of filing as an independent?
Thanks!