Tag Archives: FAFSA

FAFSA Toolkit

FAFSA Toolkit:

Join the club. File the FAFSA

This toolkit is designed to assist you in providing information on completing the FAFSA (Free Application for Federal Student Aid).

With the click of a mouse or a quick “cut and paste,” you can have your own FAFSA campaign, provided by PHEAA.

From print ads to web banners, our tools help schools and community partners increase FAFSA awareness.

How to Download: To download, right-click (control-click on Mac) and select “Save Target As…” from the pop-up menu.

https://www.pheaa.org/partner-access/fafsa-toolkit.shtml

FASFA

Financial Aid Myths

 By now, you’ve probably heard a lot of advice regarding scholarships, deadlines, free money and loans. But while there are many sources offering tips on these topics, not all of them are reliable. Some might even be based on common financial aid myths. So before you take any advice — or make any major decisions regarding your financial aid for college — familiarize yourself with what’s reliable (and what’s not).

Myth: Our income is too high to qualify for financial aid.

Student and family income is not a factor when a school decides if a student qualifies for a federal unsubsidized Stafford loan. What about other aid? The only way to know for sure is to fill out the Free Application for Federal Student Aid (FAFSA).

The federal government has a formula that considers a number of factors — including number of college-age children, income, and children’s assets — to determine the amount a family is expected to contribute to a child’s college costs. Any costs above that can be covered by financial aid, government aid, or private loans.

One more reason to fill out the FAFSA: some schools will not consider applicants for college grants and scholarships if they have not applied for federal aid.

Even if you’re doubtful about your qualifications for financial aid, applying doesn’t hurt. You never know — you could get some help to finance your education.

Myth: We have money saved for our child’s college education, so we won’t get any aid.

False. Student and family savings is not a factor when a school decides if a student qualifies for a federal unsubsidized Stafford loan. And when it comes to other aid, the federal formula has allowances for savings and assets. You are not expected to sacrifice your home equity or retirement savings to pay for your child’s education.

Only a small percentage of parental assets are expected to be contributed for education.

Myth: Our daughter wasn’t eligible for much financial aid last year, so our son entering college this year won’t be eligible either.

On the contrary: The number of family members in college has a big impact on your financial aid eligibility.

Myth: Our child will be attending college part time, so he won’t be eligible for financial aid.

Financial aid is available for part-time students. Ask your college’s financial aid office for information on aid for part-time students.

Myth: You can get more federal money by shifting your assets around.

Almost anything you do to lower your Estimated Family Contribution (EFC) will have an impact on your personal income, assets, and taxes.

Don’t bother with financial strategies that may result in tiny increases in financial aid (and may be offset by higher taxes or lower asset levels). Instead, focus on getting your taxes done early and correctly.

Financial aid myths: the bottom line

Dig around and get the truth from reliable sources. High school counselors and financial aid administrators are professionals who are there to help your family — and they’re great sources to turn to for reliable information regarding financial aid

FAFSA

Free Application for Federal Student Aid (FAFSA)

The Free Application for Federal Student Aid (FAFSA) is your starting point for most student financial assistance programs. Many states and schools also use the FAFSA as part of their application process for non-federal aid.

The FAFSA is a comprehensive form. Be prepared to provide extensive information about your family’s income and income taxes from the previous year, assets, family size, the number of family members attending college, and more.

To maximize your chances of getting student financial aid, submit the FAFSA as soon as possible after January 1st of the year for which you are requesting aid.

If you apply before January 1st or without a Social Security number, your application will not be processed.

https://www.collegeanswer.com/paying-for-college/financial-aid/fafsa/default.aspx

FAFSA Frenzy and Free Tax Prep Reminder

Don’t forget about the FAFSA Frenzy and FREE tax preparation this Saturday!

Free tax preparation will be held from from 10:00 a.m. to 4:00 p.m. this Saturday, March 2nd, at the Lybyer Technology Center. Appointments are necessary and are on a first come-first serve basis. Call 255-7255 to schedule and appointment.

The FAFSA Frenzy will be held from 2:00 – 4:00 p.m. this Saturday, March 2nd, at the Lybyer Technology Center. Volunteers will be available to help students complete their FAFSA application. The event is free and no appointment is necessary.

If you have any further questions, call Financial Aid at 255-7242.

FAFSA PIN

Are you ready to fill out your FAFSA form but cannot remember your PIN number? No fear! Retrieving your FAFSA PIN is easy on the Federal Student Aid PIN Web site. Applying for a PIN, requesting a duplicate PIN, and changing your current PIN are just a few of the options the website gives. Please visit the following link for all inquiries regarding your FAFSA PIN:

http://www.pin.ed.gov/PINWebApp/pinindex.jsp

It’s That Time of Year Again!

It’s time, once again, to submit your Free Application for Federal Student Aid or FAFSA. The FAFSA should be submitted as soon as possible after January 1st. You must submit the FAFSA before March 31st in order to be considered for the Access Missouri Financial Assistance Program, Supplemental Grant, or the Federal Work-Study Program. The Missouri State-West Plains school code is 031060.

www.fafsa.gov