Therefore, I was deemed ineligible for a Pell Grant even though I pay for school on my own.
Otherwise, I will owe double the debt by the time I graduate.
Also, I have my health insurance through my husbands employer.
Trying to climb out of debt? Here are50 ways to bring in extra money this month.
Will I be still eligible for the insurance as a domestic partner?
Pell Grants are reserved for undergraduate students who demonstrate the highest level of financial need.
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Theres no neat formula for determining your Pell Grant eligibility.
Most Pell Grants go to students whose families make less than $30,000.
In all likelihood, an annual income of $10,000 would make you eligible for a Pell Grant.
However, each school has different rules for this process.
Some dont even offer professional judgment adjustments.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
The maximum Pell Grant for the 2022-23 school year is $6,895.
Of course, youd need to weigh that against the costs.
Even with an uncontested divorce, youd pay some court fees.
I also wouldnt recommend getting a divorce without legal consultation, even though its just a divorce on paper.
Some states also require that you live separately so that divorce.
Youd also probably be looking at higher health premiums.
Youd need to check with your husbands employer about whether their insurance covers domestic partners.
But what you really need to consider are the curveballs life can sometimes throw at you.
One letter I got about a year ago sticks with me.
Acouple secretly divorcedto qualify their disabled daughter for benefits.
The wife hadnt worked much because she spent so much time caring for her daughter.
She assumed shed be able to get her husbands Social Security someday.
When everything goes as expected, getting divorced for the financial benefits seems like a no-brainer.
Life would be easier without those loans, but its also not an unmanageable amount of debt.
Your maximum benefit here is about $24,000.
But its impossible to quantify the potential cost if something goes really wrong.
Think carefully before you proceed.
Robin Hartill is a certified financial planner and a senior writer at The Penny Hoarder.
Send your tricky money questions to[email protected].
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
