Posts Tagged ‘financial aid’

Why Should You Fill Out the FAFSA?

November 18, 2020

Many families do not realize that it is time to apply for financial aid and scholarships. Most students are relieved to be finishing with their college applications and the thought of filling out more forms is the last thing on their minds. Families will not receive financial aid if they 
do not ask for it. Some families may not have financial need, but circumstances can change.The FAFSA is the first step to ask for financial aid. And if you have no already applied, it is the time to do it.

FAFSA, which stands for Free Application for Federal Student Aid, is an online form which determines which students are eligible for federal financial assistance. No one should be intimidated by the FAFSA form and everyone who feels that might qualify for federal, state, or institutional grants or loans should definitely apply.

Applying for financial aid is not as overwhelming as it used to be, but it does require time and accurate answers to allow the government to determine what your Expected Family Contribution toward college will be. This is known as your EFC. The FAFSA form is filled out by the parents of prospective and continuing students on an annual basis. Read the instructions carefully. The name on your Social Security card is the same name you should use on the FAFSA. Make all of your corrections online. If an answer applies to you, it should not be left blank.

Since financial aid is often given out on a first come, first served basis, it is important to fill as the FAFSA form as soon as you can. The form for the 2021-22 school year is now available online.. The amount of financial aid a student receives is based on your previous year’s tax return. Every state and college or university has a specific deadline for the FAFSA form to be submitted. The federal deadline is June 30, but the state and school deadlines can be as early as February 15. Most college websites list the deadline for their schools.

Paying for college is one of the biggest concerns parents have today. Last year more than 80% of the parents who had students applying or returning to college filled out the FAFSA form. You have nothing to lose by filling out the free form and some families are pleasantly surprised that they actually qualify for at least some financial assistance. Every little bit helps.

Understanding the Financial Aid Process

December 11, 2013

Most students are beginning to wrap up the college application process.  They have spent months getting good teacher recommendations, taking the SAT and ACT, visiting schools, perfecting college admission essays, and refining their college lists.  Many are glad that they are almost done.  But are they?  Not really.  Now is the time for students to explore Imagecollege scholarships and prepare essays for those that are applicable.  Their parents need to get busy on the FAFSA in order to apply for financial aid.  This is an online form that must be submitted in order for students to have any chance to receive financial aid.

Applying for financial aid can seem like a very complicated process.  The ultimate guide to financial aid is a great source of information that will help you each step of the way.  Confusing terms are explained and reading it will make the financial aid process go more smoothly.

http://www.collegexpress.com/articles-and-advice/financial-aid/articles/applying-financial-aid/ultimate-financial-aid-handbook/

Financial Aid for College: Why Most Families Need to Apply

February 9, 2012

Most families are overwhelmed with the thought of paying for college.  They find the financial aid process confusing and some don’t even bother to apply.  Parents need to be encouraged to fill out the FAFSA form, and the CSS if applicable, even if they think they make too much money to qualify for financial aid.  Families with college-bound students need to understand the fundamentals of applying for financial aid.  There are so many myths surrounding the financial aid process and they need to be demystified.  Parents need to understand that a financial aid package consists of a combination of loans, scholarships and grants, and work-study programs.  Private scholarships are available, but they usually make up a very small percentage of money for college.  Helping students find schools that are affordable is not always as difficult as it may seem.  Some colleges are definitely more generous with financial aid and merit scholarships.  Click on the following link to clarify some of the misinformation about financial aid. http://wildammo.com/2011/10/19/8-myths-about-financial-aid-infographic/