Posts Tagged ‘FAFSA’
FAFSA change for small business owners
Add small business owners to the group of people impacted by the upcoming FAFSA changes for the 2023-24 school year. Currently, the value of any privately held business, including assets, with less than 100 employees does not need to be reported on the FAFSA as part of its small business exclusion. This includes a…
Read More5 things every family should know about their expected family contribution (EFC)
You fill out the FAFSA, which gives you your expected family contribution (EFC), which is how much your family will pay for college. Seems simple right? Ah, but like most things with the college process, that is unfortunately not the case. Here are 5 things every family should know about that EFC. 1 Your EFC…
Read More4 mistakes families make that increase the cost of college
While the rising cost is certainly a factor, it is often the decisions that families themselves make that cause them to unnecessarily pay more for college than they should (and potentially increase student debt). As hard as it might be, there are instances where a family needs to recognize a college-related decision will cost them…
Read MoreInsider tips for the week of November 8, 2021
How to find good schools…for you – Rick Clark writes an excellent article about how to find right-fit schools. Click here to read some questions you should answer while determining if a college is a good school for you (and see a picture of a crazy-flexible 10-year-old). Big changes to financial aid and…
Read MoreBig changes to financial aid and college savings plans
College Inside Track was featured on KARE 11 TV discussing the upcoming FAFSA changes. In the KARE 11 interview, CIT’s Chris Wills said four big changes are coming to the way parents and students apply for financial aid and save for college. #1: The Application is Getting Smaller and Easier to Fill Out #2:…
Read MoreInsider tips for the week of September 6, 2021
Mission drives admission – Rick Clark writes a wonderful piece explaining why certain students get admitted when others don’t, and encourages students to consider what their mission in admission is before applying anywhere. An important read to share and discuss with your student. Why undecided is a great college major – Dr. Deborah…
Read MoreJay Benanav Q and A: Your High School Senior and Imminent Financial Aid Tasks
College Inside Track founder and nationally recognized college admissions financial aid expert Jay Benanav responds to a few of the moment’s most pressing financial aid issues, in this wide-ranging interview: The need for conscious student responses to financial aid questions on college applications, how need- and merit based aid configure with financial form (FAFSA…
Read MoreInsider tips for the week of June 28, 2021
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…
Read MoreFAFSA changes
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…
Read MoreCollege Planning Changes for Grandparents
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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