Posts Tagged ‘FAFSA’
College Inside Track Alumni Newsletter – Winter 2021
FAFSA 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 2023-24 school year, that year’s FAFSA will use tax information from 2021, so there are current day considerations. And because the FAFSA is…
Read MoreFinancial Advisor FAFSA Changes
FAFSA Training 2021 (3)
Read MoreInsider tips for the week of January 4, 2021
FAFSA changes – The COVID relief bill passed at the end of 2020 also included some significant changes to the FAFSA, including how multiple students in college are treated and how divorced parents complete it. While the changes do not go into effect until the 2023-24 school year, that year’s FAFSA will use tax…
Read MoreTips 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 and…
Read MoreInsider tips for the week of March 2, 2020
FAFSA says how much you can pay for college, but it’s often wrong – The NY Times explains what the FAFSA says you can afford is usually less than you will end up paying, which comes as a big surprise to many families. This is an important read as you plan how to make the…
Read MoreBlueStem Wealth Partners webinar slide show
Click here to download the slide show for the BlueStem Wealth Partners client webinar
Read MoreBeware – Retirement savings rollover issue on FAFSA
There is a FAFSA issue that has been tripping up families with qualified retirement savings rollovers that can result in wildly inflated EFC’s (expected family contributions), thus reducing the amount of financial aid they qualify for. Retirement savings moved from one qualified retirement plan to another qualified plan should not be reported as untaxed income…
Read MoreWhy is my EFC going up?
Talk about a double whammy! Despite the rising cost of college, families are at the same time seeing an increase in their EFC (expected family contribution), which is what they are expected to contribute before any financial aid kicks in. In other words, a family with the exact same income and assets today as one…
Read MoreInsider tips for the week of December 4, 2017
15 things every parent needs to know – A thought-provoking list from DIY College Rankings. My two favorites are 1) You set the expectation for acceptable colleges — not the rankings, your peers or your child’s peers and 2) You shouldn’t base your expectations on another family’s experiences. Take a few minutes to scan the…
Read More4 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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