Very clear and thorough. Thank you for breaking things down and explaining why they ask certain financial questions because it helps us fill out knowledgeably.
Thank you for the step by step walkthrough, it is a great help especially for those who have not knowledge on how to complete this form. Greatly appreciated
The question under "tell us about your parents". If the parents are legally married but separated do you answer married or not? The separated option is only available when the parent is providing the information.
My son qualifies to file his FAFSA as an independent for his grad school. For some reason he is unable to enter any personal finance questions such as bank accounts. The area is grayed out and inaccessible. He submitted a help ticket 3 weeks ago and it has been crickets.Any ideas how this may have happened?
So single parent filing with foreign taxes and other the other parent know about is unknown. Then does the IRS retrieval shows zero itself? And what to fill up about the other parent? In short how not to get the form rejected in these cases?
Ok I am the parent and I am filling out my child's fafsa so when I log in I'm saying filling out as a parent so is there any walk through as a parent not as a student
Thank you for your explanation! In the foreign income exclusion section: if the number is negative, then can I put a minus? or just put zero? ex). - 50000
Is there a certain minimum amount of non-retirement assets or income whereby it would be a waste of time to fill out the FAFSA? For example, if your assets are over X millions or if parent's income is over $350K/year? I realize that things may change if you have multiple kids in college but just wanted to know at what point does it become pointless to go through this process. Thanks.
There are three reasons why a parent may not have to answer the parent asset questions. More information can be found here: www.collegemoneymethod.com/new-paths-to-excluding-parent-assets-from-eligibility-calculation/
Yes, students should still create an FSA ID because after the paper FAFSA is processed, they will manage the FAFSA and federal student aid benefits on studentaid.gov, which requires an FSA ID to login.
@@collegemoneymethod Thank you for prompt reply. So students should create FSA ID for future logins to access their accounts on studentaid.gov. What about parents? Do they also need FSA ID to login and access their child's account in future? Thank you again for your help.
My dad is having trouble with the signature part since him and my mom fail jointly every time my dad puts my mom Information in and try continuing there a red box that pops up we’ve tried calling help hotline but it was a no go so idk what to do now
Unfortunately, this is a technical problem with the FAFSA. You might try to call Federal Student Aid for help with next steps. studentaid.gov/help-center/contact
I have a question on checking/savings totals. I am on my 85 yo fathers accounts to help him pay his bills, but its his money that he gets deposits from his social security and his pensions. Do I include those amounts in my total?
I am a student made less to $2K / year so I did not file the tax returns but I have open Roth IRA for the income I made from working. Do I need to include that Roth IRA balance in "Current Net Worth of Investments, Including Real Estate" Reply
if you haven't filed 2022 IRS Form 1040 or 1040-NR?,do you click no ?because i havent even been in the work force and im a senior in hs@@collegemoneymethod
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your videos are very informative. please do a video on how to fill FAFSA form for someone who does not have any parent
Very clear and thorough. Thank you for breaking things down and explaining why they ask certain financial questions because it helps us fill out knowledgeably.
You are so welcome!
Thank you for the step by step walkthrough, it is a great help especially for those who have not knowledge on how to complete this form. Greatly appreciated
This was very helpful and clear. Thank you very much for putting it together!
The question under "tell us about your parents". If the parents are legally married but separated do you answer married or not? The separated option is only available when the parent is providing the information.
Excellent - very clear. TY
Glad it was helpful!
My son qualifies to file his FAFSA as an independent for his grad school. For some reason he is unable to enter any personal finance questions such as bank accounts. The area is grayed out and inaccessible. He submitted a help ticket 3 weeks ago and it has been crickets.Any ideas how this may have happened?
In the student assest section as a peraon who dosent work with not being involved in any of the quuestions will it just be 0 0 0
So single parent filing with foreign taxes and other the other parent know about is unknown. Then does the IRS retrieval shows zero itself? And what to fill up about the other parent? In short how not to get the form rejected in these cases?
Ok I am the parent and I am filling out my child's fafsa so when I log in I'm saying filling out as a parent so is there any walk through as a parent not as a student
Thank you for your explanation!
In the foreign income exclusion section: if the number is negative, then can I put a minus? or just put zero? ex). - 50000
You're welcome. You should put the positive amount of the foreign income exclusion.
Thank you
@@collegemoneymethod
Is there a certain minimum amount of non-retirement assets or income whereby it would be a waste of time to fill out the FAFSA? For example, if your assets are over X millions or if parent's income is over $350K/year? I realize that things may change if you have multiple kids in college but just wanted to know at what point does it become pointless to go through this process. Thanks.
if you receive federal benefits, you dont have to put your parents finances? Are you able to just submit it?
Why am I not seeing the parent asset questions on mine? Please help???
There are three reasons why a parent may not have to answer the parent asset questions. More information can be found here: www.collegemoneymethod.com/new-paths-to-excluding-parent-assets-from-eligibility-calculation/
If I cannot finish it in one sitting will it save? Or does it have to be completed in one sitting?
Yoo please reply me I can’t access the signature aspect and seems others have been having the exact problem
How do know if you were approved
Thank you. For students filing the paper-based application and mailing it with post office, do they still need to create an FSA ID number?
Yes, students should still create an FSA ID because after the paper FAFSA is processed, they will manage the FAFSA and federal student aid benefits on studentaid.gov, which requires an FSA ID to login.
@@collegemoneymethod Thank you for prompt reply. So students should create FSA ID for future logins to access their accounts on studentaid.gov. What about parents? Do they also need FSA ID to login and access their child's account in future? Thank you again for your help.
My dad is having trouble with the signature part since him and my mom fail jointly every time my dad puts my mom Information in and try continuing there a red box that pops up we’ve tried calling help hotline but it was a no go so idk what to do now
Unfortunately, this is a technical problem with the FAFSA. You might try to call Federal Student Aid for help with next steps. studentaid.gov/help-center/contact
I have a question on checking/savings totals. I am on my 85 yo fathers accounts to help him pay his bills, but its his money that he gets deposits from his social security and his pensions. Do I include those amounts in my total?
No, you would not have to claim that if it's a joint account for purposes of helping your father with his finances.
Do both parents need to be invited and do both parents need to fill out the form if they are married and file joint?
No, if parents file taxes "Married filing jointly" then only one parent needs to be invited and contribute to the FAFSA.
I am a student made less to $2K / year so I did not file the tax returns but I have open Roth IRA for the income I made from working. Do I need to include that Roth IRA balance in "Current Net Worth of Investments, Including Real Estate"
Reply
No need
No, a contributor never includes balances or amounts in any qualified/retirement account.
if you haven't filed 2022 IRS Form 1040 or 1040-NR?,do you click no?because i havent even been in the work force and im a senior in hs
if you haven't filed 2022 IRS Form 1040 or 1040-NR?,do you click no ?because i havent even been in the work force and im a senior in hs@@collegemoneymethod
He didn’t do it right because at the end it’s supposed to say Congratulations. There’s something he didn’t do.
He’s walking thru a demo, he’s not actually applying.