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The FAFSA and custodial parent

College financial aid applications can be confusing for both you and your children. Even some that may seem relatively easy, such as the FAFSA, are full of nuances you and your child may not have considered.

For example, who is the "custodial" parent? It could be that your child views the custodial parent as both of you if you have joint custody. Or it could be that you view yourself as the custodial parent because you have legal custody even though your child lives with you less than half of the year. Perhaps your ex views himself or herself as the custodial parent because it is he or she who claims your child as a dependent on taxes. Here is a look at whom to put down as the custodial parent.

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