3 big FAFSA mistakes that will cost you a lot of money!
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- เผยแพร่เมื่อ 10 ก.ค. 2024
- The FAFSA can be a great opportunity for students to get grants and financial aid for college - but there is some work involved especially when it comes to FAFSA application.
In this video, we’ll share 3 FAFSA mistakes that can cost you money so make sure to tune in so your student can enjoy a debt-free degree.
00:00 Intro
00:57 Don't panic
02:32 Incorrect information
05:10 Forgetting to the sign the FAFSA
06:02 Not Submitting FAFSA
FAFSA Playlist: • FAFSA
studentaid.gov/help-center/an...
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P.S. International Students - This information is meant for US citizens and/or residents in the United States. While many of the tips will be helpful for you (i.e. how to write a well-written essay), we are not specialized in international student scholarships.
What are some of your FAFSA questions? While we can’t get into specific scenarios, maybe we can help you find out the answer!
We have 529 plan and I started it. But my mother contributes via Upromise. Should I try to make my mom the owner? Would I be allowed to do this or it is how you started?
I am applying for FAFSA for grad school and I am 22 years old. Since I do not need my parents information on my fafsa, do I need to include the fact that my brother is also in college when I question the number of family members in college or should I click zero since I'm applying independently from my family.
8 kids, 8 529 plans started by parents.
Yes, we have a 529 for both kids - started by us (the parents) when they were young.
That's great!
No plan
We as parents have significant student loans of our own with a reasonably high income making it nearly impossible to assist. EFC was high so our daughter qualified for very little aid. Curious if appealing EFC is possible as our resources are tied up to resolve our own student loans??
Hi Brian - It's worth reaching out to the financial aid department. Unfortunately, there isn't one "across the board" answer to what schools specifically require in order to submit a success appeal as it can vary from school to school. But it certainly does not hurt to try.
As far as FAFSA form filing concern if the student has a joint saving account with the parent, will this be parent asset rather than student asset similar to 529 account?
It depends on who uses the account and what the intention is. If the student uses it, manages it, and is the primary user, then the student should report it.
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Is there still time to receive grants or scholarship money for Autum 2023 enrollment?
Yes. Many schools have FAFSA deadlines of May or June. There are also several scholarships offered in the summer months for the following fall academic period. Options may be limited, but it's still not too late!
In fact, we have a list of scholarships you can check out (just a small pool of what is out there!) thescholarshipsystem.com/scholarshiplist - we will update it again at the end of the month!
When do you submit FAFSA? Student is a HS junior.
You'll want to submit it sometime after October 1st during your student's senior year of HS.
I need help with financial Grant assistant for education and business. Can you help with that?
Our webinar provides more information about our scholarship program. thescholarshipsystem.com/freewebinar/
My fafsa isnt getting signed no matter what i do?can you help me?
You can contact the Federal Student Aid Information Center at 1-800-433-3243 for additional help.
How can you make a student independent?
A student is independent on FAFSA if they are at least 24 years of age, married, on active duty in the U.S. Armed Forces, financially supporting dependent children, an orphan (both parents deceased), a ward of the court, or an emancipated minor.
Is it not a good idea for students to file independently?
FAFSA has strict rules for filing as independent students. This website provides more guidelines on who can file as independent: studentaid.gov/apply-for-aid/fafsa/filling-out/dependency