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Will moving away from home change my financial aid?

Asked by livelaughlove21 (15724points) June 5th, 2011

I’ve been in college for awhile and it’s been paid for by the Pell Grant and a Stafford Loan that I get by filling out my FASFA. Since I started school, I’ve been living with my parents and filing the application with their low income in addition to my own.

I recently moved out on my own with a roommate and I’d like to get all of my address information changed, including with the school. I already filled out my FASFA for this upcoming year with my parent’s information and my awards have been processed.

**Here are my questions:**

I hear that I have to use my parents’ tax information until I’m 25, whether I live with them or not. First of all, is that true?

Secondly, do you think they’ll give me less or more financial aid money when I put that I’ll be living away from home, or will it be the same?

Lastly, will it make a difference this year or will it wait until I have to fill out another FASFA to change, even when I change my address at the school?

I’m just worried that if I tell them I live away from home, they won’t pay for me to go to school. I can’t afford to pay out of pocket for it. I know I should ask financial aid, but they aren’t being very helpful.

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