January 26, 2006 Many divorced parents get confused about how their child's financial aid will be evaluated. The main thing you need to know is that the "custodial parent" will be the one to fill out the FAFSA (Free Application for Federal Student Aid) form. The US Government determines a "custodial parent" as the parent with whom the child has lived with most during the … [Read more...] about How Financial Aid is Affected by Divorce