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The answer is you won't know, exactly, how much aid you qualify for until you officially apply. But you can get an idea ahead of time. The federal government has an online tool called the FAFSA4caster that you can complete to see if you might qualify for financial aid. Then at college time, you can fill out the government's official aid application, the FAFSA, which stands for Free Application for Federal Student Aid.

"As college students and their families eagerly await their financial aid offers, issues with the process began with the delayed release of this year’s Free Application for Federal Student Aid (FAFSA). (The FAFSA is typically released in October but was not available until late December 2023.) Now, a series of errors may impact the amount of federal financial aid students receive and cause additional headaches and delays." - Student Choice. Read the article: https://bit.ly/3Uq9WUX. #FinancialInstitutions #DelinquencyManagement

The answer is you won't know, exactly, how much aid you qualify for until you officially apply. But you can get an idea ahead of time. The federal government has an online tool called the FAFSA4caster that you can complete to see if you might qualify for financial aid. Then at college time, you can fill out the government's official aid application, the FAFSA, which stands for Free Application for Federal Student Aid.

Education Department Scrambles to Make Up for Lost Time After FAFSA Blunders The Education Department is currently facing a monumental challenge as it races to address the fallout from a series of blunders that have significantly impacted the submission of applications for federal financial aid through the Free Application for Federal Student Aid (FAFSA) system Read More: https://lnkd.in/dzUeEBPP #FAFSARecovery #EducationResilience #LearningContinuity #FAFSAFix #StudentAidRecovery #EducationReform #FinancialAidRecovery #FAFSAUpdates

Hopping on the Affordability Bandwagon Five selective colleges launched strikingly similar student aid initiatives last week for low- and middle-income students. What’s behind the frenzy to boost financial aid? https://bit.ly/3OmmR7F

Prepare your kids’ college education FAFSA regardless your income as parents. Does your kids saving for education plan—- 529 impact your kids’ scholarships? The short answer is that it does not impact merit-based scholarships and have minimal impact on need-based grants. Because merit-based scholarships are awarded based on academic achievements and not household income. 529 savings do not affect eligibility for these scholarships. However, since 529 savings are considered assets, they are factored into the federal financial aid calculations. While this may affect your eligibility for federal student aid, only a small percentage (roughly 5.6%) of the 529 assets are included in the SAI calculation. By comparison, other investment accounts, such as Uniform Gifts/Transfers to Minors Act accounts (UGMA/UTMA), are assessed at a higher potential rate of 20%! With this, it would be better for parents to set up 529 plans for their kids as soon as possible to lay a solid foundation for your children to have a head start after graduation.

Throughout the series, they discuss tips and tricks for applying for financial aid and scholarships as well as an in-depth look into the Free Application for Federal Student Aid (FAFSA) form , including recent changes that have occurred to the form this year https://lnkd.in/g_auiaVK

🚨 Attention students and parents! 🚨 The Free Application for Federal Student Aid (FAFSA) has some important changes you need to know about. Check out this informative article from The Washington Post to learn more about what's new with FAFSA and how it could affect your financial aid eligibility. Knowledge is power, so make sure you're up-to-date. #FAFSA #FinancialAid #HigherEducation #CollegePlanning

The FAFSA is an application for financial aid that the government awards to students based on their needs. If you're considering going to college, you have nothing to lose by applying for federal student aid. Check out this article to learn more. https://trst.in/QhzcUx

This type of support is essential for college and career readiness! This is just one of many classes we offer as a company to help students and families navigate the education system. #college #career #education #tutoring