Does you parents income count if are 18yrs old for a student loan?

In most cases, yes. If you are under the age of 24 and a dependent student, your parents' income will be considered when determining your eligibility for federal student loans. This includes both the Parent PLUS Loan and the Federal Stafford Loan.

If you are an independent student, your parents' income will not be considered when determining your eligibility for federal student loans. However, you may still need to provide information about your parents' income if you are applying for private student loans.

There are a few exceptions to these general rules. For example, if you are a ward of the court or an emancipated minor, your parents' income may not be considered when determining your eligibility for federal student loans.

If you have questions about how your parents' income will affect your eligibility for federal student loans, you should contact the financial aid office at your school.

Learnify Hub © www.0685.com All Rights Reserved