Help with parent demographics on FAFSA

Hey guys, I'm a bit confused about how to fill out the parent demographics section on the FAFSA. What details do I need to provide? Any guidance would be greatly appreciated!

Hey there! No worries; filling out the FAFSA can indeed be a bit confusing. I'm happy to help you with the parent demographics section. In this section, you'll need to provide the following information for your parent(s):

1. Name(s): Provide the full legal name(s) of your parent(s).

2. Social Security Number(s): Make sure you enter the correct SSN(s) for your parent(s), as this is crucial for processing your financial aid application.

3. Date of birth: Provide the correct date of birth for each parent.

4. Marital status: Indicate whether your parent(s) are married, divorced, separated, widowed, or never married.

5. Household size: Indicate the number of people living in your parents' household. This includes yourself, your parent(s), any dependent siblings, and any other dependents your parent(s) may be supporting financially.

6. Number in college during the academic year: Provide the number of people in your household who will be attending college at least half-time during the academic year for which you are applying for financial aid. Exclude your parents from this count.

7. Tax and income information: You'll need to provide financial information for your parent(s), including their adjusted gross income (AGI) and tax filing status from the most recent tax year. You can either import this information using the IRS Data Retrieval Tool or enter it manually from their tax return.

8. Additional financial information: Some required information includes untaxed income, child support received or paid, and military or clergy allowances.

9. Asset information: Report the current balances of your parent(s)' cash, savings, and checking accounts, the net worth of investments, and the net worth of real estate and businesses (excluding the family home and family-owned businesses with fewer than 100 employees).

Make sure you double-check all the information you've provided for accuracy. Inaccurate or incomplete information could delay your financial aid application or result in reduced financial aid eligibility. Best of luck with your FAFSA application, and feel free to reach out if you have any more questions!