Does a Parent Report Cash Support They Receive As Untaxed Income On the FAFSA?
Award Year: 2024-25 KA-36686 Helpfulness Rating 108 page viewsThis guidance is specific to the 2024-25 award year and later.
Scenario: The parent of a dependent student is receiving cash support from her sister (the student's aunt). The money is used for household expenses.
Answer: No. A parent of a dependent student does not report any cash support the parent receives; it is not untaxed income for the parent. Starting with the 2024-25 award year under the FAFSA Simplification Act, cash support received by the student or paid on behalf of the student is not reported on the FAFSA, is not included in need analysis, and is not other financial assistance (OFA) when packaging the student with Title IV aid.
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