what makes you an independent student for financial aid
The Free Application for Federal Student Aid (FAFSA application) determines your FAFSA dependency status as either an independent student or a dependent student. The difference between the two centers on the level of access the student in question has to their parentsâ financial resources.Filling out the FAFSA and knowing your dependency status is very important, as it determines how your financial aid is calculated and the maximum amount in Stafford Loans you can borrow.he difference between the two centers on the level of access the student in question has to their parentsâ financial resources. Filling out the FAFSA and knowing your dependency status is very important, as it determines how your financial aid is calculated and the maximum amount in Stafford Loans you can borrow.