Why is parental income and asset information required even if I meet the federal criteria for independence?
As noted in Jefferson’s financial aid publications, the first responsibility for financing education must rest with students and their family. This policy, consistent with the majority of private colleges and medical schools nationwide, is based on the limited nature of institutional funding. Parent income and asset information is required in an attempt to distribute the limited pool of institutional funding in the most equitable manner possible. While students may meet the federal criteria for independence, Jefferson requires the inclusion of parental information to ensure that the limited funding that is available is disseminated to the students that have the least amount of potential parental support. Reversal of this policy would mean that students from even the wealthiest families could choose to replace parental support with expected Jefferson support. Even if parents are not paying the direct cost of an education, they still represent a potential source of support. Often times,
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- Why is parental income and asset information required even if I meet the federal criteria for independence?
