Posts Tagged ‘FAFSA’

Tips on the 6 trickiest FAFSA questions

The FAFSA is a quintessential government form, meaning it isn’t always as easy to understand as it should be. And with over 100 questions to navigate, far too many families make mistakes that are unnecessarily costing them money. Money Magazine compiled the following tips on how to tackle the 6 trickiest questions:   Questions 24…

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4 essential FAFSA tips

The FAFSA is now available for families of HS seniors and college students starting October 1 and will use tax info from 2 years prior to the term being applied for (2016 tax year info for students starting college in Fall 2018), which was a change made last year. We see families commonly make significant…

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Earlier FAFSA Submission Date Offers Students Better Chance At Aid

CIT’s Chris Wills was featured on WCCO TV sharing advice on the new October 1 FAFSA filing date. Among his suggestions: Families should file as close to the Oct. 1 date as possible because some of the financial aid is first come, first served. All families should complete the FAFSA, regardless of how much money they…

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New FAFSA rules help grandparents contribute

With future FAFSA forms now using tax returns from two years prior (known as “prior prior” in the college world), that adds another year that family members can help pay for college without it negatively affecting financial aid eligibility. First, some quick background: The three main factors used to calculate financial aid eligibility are Non-retirement…

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11 Common FAFSA mistakes

We recommend families always complete the FAFSA because you need it to receive any need-based aid, and even if you don’t qualify for financial aid based on your income, some colleges award merit aid (sometimes a few thousand dollars) just for completing it. With some recent changes to the FAFSA, the US Dept of Education recently shared a…

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5 last chance strategies for parents of juniors

With the recent change in the FAFSA, this year’s junior class will be the first to use tax information from 2 years prior to their year of HS graduation, as opposed to the current 1 year. In other words, starting with 2017 HS grads, a family’s tax information from 2015 — or the spring of…

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