How Does Divorce+Remarriage Affect Financial Aid?

Question: How is financial aid determined when the parents are divorced and both are remarried?

When both parents are remarried, the colleges that use only the FAFSA form will make their financial aid determinations based on the income and assets of just the custodial parent and his/her spouse. (And I'm talking about the stepparent here, not the ex, when I say "spouse.") Some parents--and, especially, stepparents--are none too thrilled to learn this, especially if the re-marriage is fairly new and the stepparent has already put his or her own kids through college and thus assumed that tuition bills were a done deal.

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