Permanency Guide - Los Angeles County Department of Children ...
Permanency Guide - Los Angeles County Department of Children ...
Permanency Guide - Los Angeles County Department of Children ...
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COMPARISON OF FINANCIAL BENEFITS<br />
ADOPTION, LEGAL GUARDIANSHIP AND PLANNED PERMANENT LIVING ARRANGEMENT<br />
FACTOR<br />
20.<br />
ELIGIBILITY FOR<br />
FINANCIAL<br />
ASSISTANCE FOR<br />
HIGHER<br />
EDUCATION<br />
The Fostering Adoption to<br />
Further Student<br />
Achievement Act<br />
(FAFSAA) is part <strong>of</strong> the<br />
College Cost Reduction<br />
and Access Act, PL 110-<br />
84,<br />
21.<br />
TAX CREDIT<br />
ADOPTION<br />
[Adoption Assistance<br />
Program (AAP) Funded]<br />
Adopted youth may be eligible for<br />
federal and state financial aid;<br />
however, eligibility for state funds is<br />
based on the youth and adoptive<br />
family’s income.<br />
Eligibility for Federal funds takes<br />
only the youth’s income into<br />
consideration if the youth was<br />
adopted after age 13. Youth should<br />
consult with school’s financial aid<br />
<strong>of</strong>fice.<br />
Visit:<br />
http://www.ecampustours.come/payi<br />
ngforcollege/financialaidandfafsa/fos<br />
teryouthtipsfafsa.htm for tips on<br />
completing the FAFSA.<br />
In 2011, the tax credit allowed is<br />
$13,360i n the year <strong>of</strong> adoption. If<br />
credit is more than tax liability limit,<br />
unused credit can be carried forward<br />
to the next 5 years. 44 Families<br />
should consult with their tax<br />
consultant for direction.<br />
RELATIVE<br />
GUARDIANSHIP<br />
(supported by Enhanced Kin-<br />
GAP)<br />
Kin GAP Legal Guardianship youth<br />
may be eligible for federal and state<br />
financial aid. The Legal Guardian’s<br />
income is not considered. Eligibility is<br />
based on the youth’s income, and, if<br />
the biological parents have claimed<br />
the youth as a dependent on the past<br />
two years’ income tax reports, their<br />
income is also considered. The youth<br />
may file an appeal with the financial<br />
aid <strong>of</strong>fice if pro<strong>of</strong> <strong>of</strong> birth parent nonsupport<br />
can be shown. Youth should<br />
consult with school’s financial aid<br />
<strong>of</strong>fice. 43<br />
www.ed.gov/<strong>of</strong>fices/OSFAP/<br />
A child under Kin-Gap may be an<br />
allowable tax dependent <strong>of</strong> the relative<br />
guardian. Families should consult<br />
with their tax consultant for direction.<br />
LEGAL GUARDIANSHIP<br />
NON-RELATIVE/<br />
RELATIVE<br />
GUARDIANSHIP<br />
(supported by foster care funds)<br />
Legal Guardianship youth may be<br />
eligible for federal and state financial<br />
aid. The Legal Guardian’s income is<br />
not considered. Eligibility is based on<br />
the youth’s income, and, if the<br />
biological parents have claimed the<br />
youth as a dependent on the past two<br />
years’ income tax reports, their income<br />
is also considered. The youth may file<br />
an appeal with the financial aid <strong>of</strong>fice if<br />
pro<strong>of</strong> <strong>of</strong> birth parent non-support can<br />
be shown. Youth should consult with<br />
school’s financial aid <strong>of</strong>fice. 43<br />
A child under Kin-Gap may be an<br />
allowable tax dependent <strong>of</strong> the relative<br />
guardian. Families should consult with<br />
their tax consultant for direction.<br />
PLANNED PERMANENT<br />
LIVING ARRANGEMENT<br />
(Long Term Foster Care)<br />
Youth who remain in foster care through<br />
their 18 th birthday are eligible for federal<br />
and state financial aid. Only the youth’s<br />
income is considered. These youth may<br />
also be eligible for other funding<br />
designated specifically for foster youth.<br />
Youth should consult with school’s<br />
financial aid <strong>of</strong>fice.<br />
A child under Kin-Gap may be an<br />
allowable tax dependent <strong>of</strong> the relative<br />
guardian. Families should consult with<br />
their tax consultant for direction.