Should I submit my parents’ financial information on my FAFSA for graduate school?

Question:

What are the advantages/disadvantages to submitting/not submitting my parents’ financial information on my FAFSA for graduate school?

Also, if I do not submit my parents’ information on my FAFSA form, will it ultimately affect my siblings’ financial aid based on their FAFSA forms?

Answer:

Graduate students are independent, so parental information is not required. Some graduate schools require students to submit parental information for awarding the school's own financial aid funds. This is especially common among medical schools and law schools. If parent information is submitted, it will not affect eligibility for federal and state aid.

The information provided on one student’s FAFSA will not affect the aid eligibility of a sibling unless there is a conflict in information that should be identical on both forms.

If one child is a graduate student, they may still be counted in household size and number in college on a sibling’s FAFSA if the parents provide more than half of the graduate student’s support.