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hi everyone shannon vasquez checking in uh with your fafsa tip of the week and today i wanted to talk to you a little bit about expenses um i often get asked by parents i see all these questions about my income on the fafsa but where do i report my expenses this may be a very short video because the short answer is that you donamp;#39;t the fafsa doesnamp;#39;t care you know what your mortgage or your rent payment is your car payment any of that stuff what the fafsa does is incorporate a basic living expense allowance based on the size of the family uh it is a basic allowance depending on the size of the family weamp;#39;re talking somewhere in the ballpark of 30 000 a year and if you are spending more than that the formula doesnamp;#39;t really care um itamp;#39;s trying to put everyone on an even playing field and giving everyone that same allowance now having said that if you do have some unusually high sort of non-discretionary expenses things like medical bills maybe as a par
