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For a dependent student whose parents are divorced or separated and do not live together, whose financial information is generally reported on the FAFSA according to the traditional methodology (prior to 2024-25 FAFSA Simplification)?

A The parent who earns the higher income.
B The parent with whom the student lived the most during the past 12 months.
C Both parents' financial information must be reported.
D The parent who claims the student as a dependent for tax purposes.

✓ Correct Answer: Option B

Traditionally, for divorced or separated parents, the FAFSA required the financial information of the parent with whom the student lived more during the 12 months preceding the FAFSA application.

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