Self-support is defined as money you have earned through your own employment or loans
obtained on your own credit, without a cosigner. Financial aid loans obtained without
a cosigner can be considered in your income. A bank loan made to your parent who turns
over the funds to you would not constitute self-support. A bank loan made to you with
a parent or other adult cosigning would not constitute self-support. In most cases,
a gift to you from a parent, grandparent, or other family member would not constitute
self-support.
Loans or gifts from relatives, associates, or friends, regardless of the terms, are
considered financial assistance and cannot be included as student income when determining
self-sufficiency; non-institutional loans or gifts made at or near the time the student
is enrolled in an institution will also be considered financial assistance. “Bartering”
for free room and board, or other services or necessities is considered financial
assistance. A student who receives free room and board from a relative, associate,
or friend is not deemed totally self-sufficient.