Whether for corporate matters or personal issues, everyone must confront legal circumstances at some point in their lives.
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Unsubsidized federal student loans begin accruing interest immediately, so if you don't send the money back, you will have to pay interest on it at some point. The same is true if you have private student loans. Any overage you don't send back will start accruing interest immediately.
If you can't provide information about your parent, you can indicate that you have special circumstances that make you unable to get your parents' info. You'll then be able to submit your application without entering data about your parents. Although your FAFSA form will be submitted, it won't be fully processed.
While it's possible to apply for FAFSA without filing taxes, some schools might request additional verification or proof of non-filing status. It's essential to be prepared with the necessary documentation.
To complete the Free Application for Federal Student Aid (FAFSA®), you will need: Your Social Security Number. Your Alien Registration Number (if you are not a U.S. citizen) Your federal income tax returns, W-2s, and other records of money earned.
If you don't end up applying or getting accepted to a school, the school can just disregard your FAFSA form. However, you can remove schools at any time to make room for new schools.