Insider tips for the week of June 28, 2021

girl pretending to be scary

  FAFSA changes delayed – The significant FAFSA changes recently approved by Congress will be delayed by year, due to the complexity of overhauling the entire system. Federal Student Aid (FSA), the agency in charge of implementing the changes, said they will now be rolled out for the 2024-25 school year. The earliest families can…

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FAFSA changes

FAFSA changes passed by Congress

  The COVID relief bill passed at the end of 2020 also included some significant changes to the FAFSA. While the changes do not go into effect until the 2024-25 school year, that year’s FAFSA will use tax information from 2022, so there are nearer-term considerations. And because the FAFSA is completed each year a…

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College Planning Changes for Grandparents

grandparent happy about fafsa changes

  The stimulus bill passed at the end of 2020 also included some significant changes to how grandparent contributions are treated on the FAFSA. According to financial aid expert Mark Kantrowitz, cash contributions from grandparents, including distributions from grandparent-owned 529 plans and direct tuition payments to colleges, will no longer hurt a student’s eligibility for…

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Filling out the FAFSA when there are divorced parents

broken heart

Completing the FAFSA when parents are divorced is one of the most confusing scenarios for families, because custodial terms and who claims the child on the tax return do not necessarily apply. Further complicating things is that the rules for divorced parents are changing along with a number of other key FAFSA changes starting with…

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Insider tips for the week of May 31, 2021

college magic

  College magic – Forbes has an excellent article on how college, if done right, can be a life-altering experience with lifelong benefits. Not enough students experience the most important elements of college, what researchers call the “Big Six.” The elements fall into two categories of relationship-rich and work-integrated. This is an important read as…

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Insider tips for the week of April 5, 2021

boy deciding on college

  Controversial financial aid change – A new FAFSA change will dramatically reduce the amount of financial aid middle and upper-income families with more than one child in college at the same time will receive. Check out our article on this significant news.   10 ways to help your teen with the college decision –…

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Insider tips for the week of March 1, 2021

female student holding cell phone

  Huge change for grandparents contributing to college – The FAFSA changes included in the December COVID relief bill contain a HUGE one for grandparents: Cash contributions from grandparents, including distributions from grandparent-owned 529 plans, will no longer hurt a student’s eligibility for financial aid. Check out our article on this significant news.   How…

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FAFSA changes interview on WCCO

Esme Murphy interviewing Chris Wills WCCO TV

  College Inside Track President Chris Wills was interviewed by Esme Murphy on WCCO TV, discussing the changes made to the FAFSA. Wills explained that the changes, which go into effect for the 2023-24 school year, will be based on a family’s 2021 tax return information so families need to understand them now. Some of…

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