<?xml version="1.0" encoding="UTF-8" ?><!-- generator=Zoho Sites --><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><atom:link href="https://www.lfeducationalconsulting.com/blogs/tag/fafsa/feed" rel="self" type="application/rss+xml"/><title>LF Educational Consulting - Success Tips ##FAFSA</title><description>LF Educational Consulting - Success Tips ##FAFSA</description><link>https://www.lfeducationalconsulting.com/blogs/tag/fafsa</link><lastBuildDate>Wed, 08 Apr 2026 23:37:02 -0700</lastBuildDate><generator>http://zoho.com/sites/</generator><item><title><![CDATA[College Application & Admission Season 2024-2025]]></title><link>https://www.lfeducationalconsulting.com/blogs/post/college-application-admission-season-2024-2025enter-your-post-title</link><description><![CDATA[1. Colleges are looking for alternatives to the personal essay With&nbsp; 1 in 5 teens admitting to using ChatGPT &nbsp;to complete schoolwork, college ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_2AChghKPSrSEKq_KH_maMw" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_C15P4PVQTxmGB7A4AWmLpA" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_eqQpwwdhTn2O4SLR_GTViQ" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_IZZHJDoYO2xXJjvYTN-caA" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_IZZHJDoYO2xXJjvYTN-caA"] .zpimage-container figure img { width: 962px ; height: 639.58px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/college-5757815_1280.jpg" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_W3tBdnb4RvWoKKSJRgWhqQ" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center " data-editor="true"><div style="color:inherit;"><p>1. Colleges are looking for alternatives to the personal essay</p><p>With&nbsp;<a href="https://www.pewresearch.org/short-reads/2023/11/16/about-1-in-5-us-teens-whove-heard-of-chatgpt-have-used-it-for-schoolwork/" target="_blank">1 in 5 teens admitting to using ChatGPT</a>&nbsp;to complete schoolwork, college admissions officers are becoming more vigilant about Artificial Intelligence (AI)-assisted essays. As a result, many colleges are looking at alternative ways for students to express their unique voices in their applications, and to ensure that those voices are authentic.</p><p>Students might see additional application requirements this year, such as portfolios of creative or academic work, interviews, and examples of graded class assignments. “We’ve noticed a trend in colleges like Princeton asking for past writing samples with teacher feedback, as evidence of students’ own writing, thinking, and synthesizing.</p><p>Students also might see new requirements for videos and interviews, similar to the optional “video introductions” that colleges like Bowdoin, Brown and the University of Chicago have offered for some time.&nbsp;“Changing the medium of delivery to audio/video ... gives a much better sense of how a student would engage in the classroom, or on campus, than the essay,” writes Rick Clark, director of admissions at Georgia Tech, in his&nbsp;<a href="https://sites.gatech.edu/admission-blog/2023/01/27/2023-admission-predictions-and-hopes/" target="_blank">blog<b>.</b></a></p><p>Some students can now use video recording technology, such as InitialView’s&nbsp;<a href="https://initialview.com/glimpse/" target="_blank">Glimpse</a>, to create and send video-recorded personal statements to colleges. Several colleges host these platforms on their admission websites and invite students to record themselves, sometimes answering randomly presented questions on-the-spot.&nbsp;</p><p>To help students prepare for their moment in the spotlight, some admissions counselors now include on-camera interviewing as part of their college prep offerings. </p><p>Even with these new options, it’s unlikely that the traditional written personal essay will go away anytime soon. “Most likely, college essays will remain important, although the nature of essay prompts could change .Specific details of students’ stories may become more important and it’ll be noticeable if those details are missing or not aligned with the applicant.”</p><p>2. Colleges and students grapple with AI</p><p>As AI becomes more widely used, colleges and students are experiencing the promises and pitfalls of this emerging technology. Some college programs have added AI policies to their applications defining when and how AI can or can’t be used and she expects to see colleges do the same with applications.</p><p>I &nbsp;encouraging students to be careful about how and when they use AI to apply to college. Many agree that using it for research and college list-building is fine but using it for any part of the essay-writing process is not.</p><p>“Nothing replaces the way free-writing helps a student get to know themselves, or the deep conversations students might have with teachers or mentors as they explore their writing and define their essay topics.</p><p>Colleges, on the other hand, have been using AI to recruit students and even evaluate applications for some time. According to&nbsp;<a href="https://www.intelligent.com/8-in-10-colleges-will-use-ai-in-admissions-by-2024/" target="_blank">one survey</a>, 50% of college admissions departments are using AI, mostly to review letters of recommendation, assess transcripts, and to communicate with applicants via chatbots or automated messages. The larger the school, the more likely the admissions professionals are to use AI. In addition, 85% of survey respondents said they use AI to be more efficient; 70% said they use it to make more informed decisions; and 56% said they use it to eliminate bias.</p><p>There’s no evidence, however, that colleges are currently using AI to make their final admissions decisions – at least for now.</p><p>3. Test Score Submission is Declining</p><p>According to the Common Application’s&nbsp;<a href="https://www.commonapp.org/files/Common-App-Deadline-Updates-2024.01.01.pdf?utm_source=Common%2BApp%2BNewsletter%2BSubscribers&amp;utm_campaign=8c9360ae9e-EMAIL_CAMPAIGN_2019_07_24_09_11_COPY_01&amp;utm_medium=email&amp;utm_term=0_685c1cb33f-8c9360ae9e-50138469" target="_blank">January 2024 report</a>, just 4% of its member colleges required test scores in the 2023-2024 application season, down from 5% in 2021-2022 and down from 55% in 2019-2020.</p><p>At the end of the 2022-2023 application season, the number of students choosing not to submit test scores was just slightly higher than students who did submit them. However, in 2023-2024, for the first time since the boom in test-optional policies began, significantly more students (12%) chose not to report test scores. As stated in the Common App report, this trend could accelerate in coming years.</p><p>4. Direct admissions gains traction</p><p>Imagine getting an offer of admission from a college without filling out an application or writing a single essay? With direct admissions, this might be a reality for you. Direct admissions is an alternative application pathway in which colleges send non-binding admission offers directly to qualified students. Students don’t need to submit applications, pay fees, or wait to find out if they are admitted. Instead, a college reaches out to them with an admission offer before they even apply. The states of Texas and Georgia have been operating direct admissions programs for some time, offering automatic admission to their state’s public university systems to students who meet certain thresholds for GPA or class rank.</p><p>In the wake of the Supreme Court decision banning the use of race in college admissions, some colleges are turning to direct admissions to meet their enrollment goals and increase diversity on campus, and some are partnering with direct admissions platforms that connect the schools with students who meet their admission criteria.</p><p>In the Fall of 2023, the&nbsp;<a href="https://www.commonapp.org/blog/taking-closer-look-common-app-direct-admissions" target="_blank">Common Application</a>&nbsp;launched its direct admissions program, which helps 70 participating colleges connect with low income and first-generation students.&nbsp;From the Common App portal alone, more than 300,000 students received direct offers of admission. Direct admissions platforms are now available from companies such as&nbsp;<a href="https://www.niche.com/about/direct-admissions/" target="_blank">Niche</a>, state governments including&nbsp;<a href="https://www.ohe.state.mn.us/mPg.cfm?pageID=2484" target="_blank">Minnesota</a>&nbsp;and&nbsp;<a href="https://nextsteps.idaho.gov/direct-admissions" target="_blank">Idaho</a>, and individual colleges.</p><p>While many see direct admissions as a positive development, some counselors caution students to be aware of its limitations.&nbsp;According to Graham, “Students typically still need to submit applications in order to finalize those direct admissions offers, and the colleges still need to be affordable for the students in order for those offers to be viable. As long as those two pieces come together, then this is a fantastic option.”</p><p>5. Students with financial need are having to contend with FAFSA delays</p><p>In December of 2023, we saw the debut of a&nbsp;<a href="https://www.collegedata.com/resources/pay-your-way/the-new-fafsa-9-big-changes-you-need-to-understand" target="_blank">new and improved FAFSA</a>. The new form is shorter than the previous form and the aid eligibility formula provides more aid to low income students. However, changes to the form postponed the release of the FAFSA by almost three months—giving students less time to apply for financial aid and colleges less time to determine their awards.</p><p>Colleges had expected to receive students’ FAFSA data by the end of January, but that deadline was thrown into question when the&nbsp;<a href="https://www.highereddive.com/news/fafsa-adjusted-inflation-education-department-delay/705547/" target="_blank">Department of Education announced</a>&nbsp;it needed to make further adjustments to the form and formula.</p><p>As a result, students may receive financial aid offers much later than usual and may not have sufficient time to factor them into their college decisions. “Between the glitches with the rollout and the compressed timelines that colleges will have to review student information and provide aid packages to families, there’s a lot of potential for problems,” says Graham. “We might see a drop in the number of first-gen and low-income students starting or returning to college next fall because of these hassles.”</p><p>6. Colleges are abandoning legacy preferences</p><p>Legacy admissions, which gives an admission advantage to students related to an alumnus, has long been criticized for being elitist and unfair, privileging mostly white, wealthy students. In a move to make their admissions policies more transparent and equitable, several colleges ended their legacy admissions policies, including Wesleyan, Virginia Tech, Occidental College, Johns Hopkins and Carnegie Mellon. At the same time, state and federal lawmakers have written bills banning the practice, and in January, the U.S. Department of Education opened an investigation into the University of Pennsylvania’s legacy admissions policy for possible violation of the Civil Rights Act. Given these actions, it won’t be surprising if more colleges end legacy admissions this year.</p><p>As some of these trends indicate, college admissions is evolving to meet the needs of both applicants and colleges. No matter how the admissions landscape may shift, it’s still important to focus on your academic goals and interests. If you keep your own college priorities in mind, you may be more likely to weather changes to the admissions landscape — and more easily find the colleges that are the best academic, social, and financial fits for you.</p></div><p><span style="color:inherit;">&nbsp;</span></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Fri, 16 Aug 2024 18:56:36 -0500</pubDate></item><item><title><![CDATA[If you still need money for college and haven’t submitted a FAFSA, fill it out ASAP, financial aid expert says]]></title><link>https://www.lfeducationalconsulting.com/blogs/post/if-you-still-need-money-for-college-and-haven-t-submitted-a-fafsa-fill-it-out-asap-financial-aid-exp</link><description><![CDATA[It's almost time for college students to move into their dorms and get ready for the upcoming school year. If that's you and you haven't checked &quot ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_V0vlDAi1RQScQboq9-QB4w" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_6RqA2SbPShmIQDa8aFuDwA" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_3TjSm0AXRjKHPsXaH0cCqQ" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_gKzX2vuASkuxU0RIUmPaPA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center " data-editor="true"><div style="color:inherit;"><p style="margin-right:30px;">It's almost time for college students to move into their dorms and get ready for the upcoming school year. If that's you and you haven't checked &quot;<a href="https://www.cnbc.com/2024/04/05/fafsa-delays-snarl-college-admissions-seasonwhat-students-can-do.html?__source=OTS%7Cfinance%7Cinline%7Cstory%7C&amp;par=OTS&amp;doc=108006825">submit my FAFSA</a>&quot; off your to-do list, take care of that ASAP.</p><p style="margin-right:30px;">As of July 5, less than half of the high school class of 2024 had submitted a Free Application for Federal Student Aid, according to the&nbsp;<a href="https://www.ncan.org/page/fafsatracker">National College Attainment Network's analysis</a>&nbsp;of Federal Student Aid data. FAFSA submissions from this class are down about 11% compared to last year's, NCAN finds.</p><p style="margin-right:30px;">It's not just incoming freshmen, though. Returning college students need to submit a new FAFSA every year to be considered for aid.</p><p style="margin-right:30px;">While it may have been difficult for students and their families to&nbsp;<a href="https://www.cnbc.com/2024/07/02/fafsa-issues-force-hard-choices-for-would-be-college-students.html?__source=OTS%7Cfinance%7Cinline%7Cstory%7C&amp;par=OTS&amp;doc=108006825">submit a FAFSA</a>&nbsp;at the beginning of this year's application cycle, most of the technical issues have been resolved by now.&nbsp;</p><p style="margin-right:30px;">&quot;Fill out the FAFSA. Just fill it out,&quot; Jill Desjean, director of policy of analysis at the National Association of Student Financial Aid Administrators, tells CNBC Make It.</p><p style="margin-right:30px;">The&nbsp;<a href="https://studentaid.gov/apply-for-aid/fafsa/fafsa-deadlines">deadline to apply</a>&nbsp;for federal aid for the 2024-25 school year isn't until June 30, 2025. But if you're starting school in August or September, you'll probably need to get your school bills — and any applicable aid — figured out by then.&nbsp;</p></div><p><span style="color:inherit;">There is currently an $11 billion surplus of federal Pell Grant funding waiting to go to eligible students, according to the&nbsp;</span><a href="https://www.cbo.gov/system/files/2024-06/51304-2024-06-pellgrant.pdf">Congressional Budget Office</a><span style="color:inherit;">. By&nbsp;</span><a href="https://www.cnbc.com/kamaron-mcnair/">Kamaron McNair</a></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Fri, 19 Jul 2024 16:56:37 -0500</pubDate></item><item><title><![CDATA[FAFSA results are now delayed until March: What this means for financial aid]]></title><link>https://www.lfeducationalconsulting.com/blogs/post/fafsa-delay</link><description><![CDATA[ On Tuesday, Jan. 31, the Department of Education (DOE) announced that colleges and universities won’t receive Free Applicat ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_ang-cFWHQxaD-n8Um2aV_Q" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_ksC8tdJTRNaL4md69kNOkA" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_Ki03j8LjQdCsxYISJO6ONA" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_LcRiEoHDDveBJmN0AOhJgw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_LcRiEoHDDveBJmN0AOhJgw"] .zpimage-container figure img { width: 300px !important ; height: 168px !important ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_LcRiEoHDDveBJmN0AOhJgw"] .zpimage-container figure img { width:300px ; height:168px ; } } @media (max-width: 767px) { [data-element-id="elm_LcRiEoHDDveBJmN0AOhJgw"] .zpimage-container figure img { width:300px ; height:168px ; } } [data-element-id="elm_LcRiEoHDDveBJmN0AOhJgw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-original zpimage-tablet-fallback-original zpimage-mobile-fallback-original hb-lightbox " data-lightbox-options="
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</div><div data-element-id="elm_3NT5ZMG7OO1xAeL4JKN59A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_3NT5ZMG7OO1xAeL4JKN59A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><p>On Tuesday, Jan. 31, the Department of Education (DOE) announced that colleges and universities won’t receive Free Application for Federal Student Aid (FAFSA) information until mid-March. Originally estimated to arrive by late January, this delay may have been caused by a recent update to the new financial aid formula.</p><p>&nbsp;</p><p>The update is slated to bring in an additional $1.8 billion in need-based student aid, but the timing may impact the federal financial aid timeline.</p><p>&nbsp;</p><p>Most recent update to the new FAFSA was a “factor” in delays</p><p>The Education Department stated last week that it needed to update its aid formula to reflect current inflation rates to increase aid for students. This update, the Department stated, would mean an additional $1.8 billion in need-based aid for qualifying students.</p><p>&nbsp;</p><p>&nbsp;</p><p>That update was completed as of today. However, since colleges were expecting to receive the FAFSA information within the week, many wondered if the delays were caused by the mishap.</p><p>&nbsp;</p><p>A senior Education Department official confirmed this to reporters on a call, stating that the recent inflationary updates did in fact, play a part on the timeline.</p><p>&nbsp;</p><p>“I want to emphasize that this is not just a new form. It’s an entirely new formula, process and software – not just on our part, but on the part of schools as well. These are really unprecedented changes,” the official added.</p><p>&nbsp;</p><p>Inflationary data update to bring in more aid for qualifying borrowers</p><p>The Student Aid Index (SAI) is what the FASFA uses to calculate how much a student can afford to pay that academic year. However, the Education Department announced that the SAI calculations weren’t updated to account for the most recent inflationary numbers.</p><p>&nbsp;</p><p>Prior to this update, many students may not have gotten the aid they were entitled to, as the calculations relied on the Consumer Price Index (CPI) from 2020. However, the newly-updated tables will “allow students to benefit from an additional 1.8 billion in aid and ensure that all students can access the maximum financial aid they are eligible for,” the press release reads.</p><p>&nbsp;</p><p>How and when the aid updates will be made remains unclear</p><p>Because schools were originally told that they would receive the applicant data by January, they will now have to reprocess the applications as they undergo the necessary corrections.</p><p>&nbsp;</p><p>However, how and when these adjustments will be made has yet to be publicly announced. While the increased need-based aid is a major benefit to those who qualify, the seemingly last-minute updates could impact the 2024-25 aid timeline.</p><p>&nbsp;</p><p>&nbsp;</p><p>“Either FAFSA applicant data will be held even longer before being delivered to institutions, or incorrect applicant data will be given to schools before a reprocessing occurs in the future,” the National Association of Student Financial Aid Administration’s (NASFAA) press release states.</p><p>&nbsp;</p><p>Pressure mounts on Education Department to roll out operational updates</p><p>As of now, institutions have yet to receive operational updates on what the FAFSA revision process will look like.</p><p>&nbsp;</p><p>“[It’s concerning] that institutions haven’t received any operational updates about when they will receive FAFSA applicant information,” says Justin Draeger, president of the National Association of Student Financial Aid Administrators, in a statement.</p><p>&nbsp;</p><p>Dreager notes that this has been preventing financial aid practitioners from moving forward with processing and packaging financial aid offers, and calls on the DOE to act immediately on the matter.</p><p>&nbsp;</p><p>“We call on the Department of Education to provide institutions, as soon as possible, with operational guidance on how and when these inflationary adjustments will be made, how and when they will impact FAFSA applicant data being delivered to schools, and whether these updates will result in any FAFSA reprocessing,” his statement reads.</p><p>&nbsp;</p><p>Low-income students most likely to be impacted</p><p>The FAFSA opens to students for the next academic year on Oct. 1 of each year. After it’s submitted, it typically takes anywhere from a few days to a few weeks for the school’s financial aid office to receive and process the information.</p><p>&nbsp;</p><p>While the distribution of financial aid award letters will depend on the school, students are expected to commit to a school and accept the aid package by May 1. However, it’s possible that some colleges may not be able to stick to this deadline with shorter March turnaround time.</p><p>&nbsp;</p><p>Those who rely on need-based financial aid and lower-income families are likely to be hit hardest by the delays. If the original commitment date isn’t extended, there is no guarantee that every school will have corrected and processed every student’s financial aid award package.</p><p>&nbsp;</p><p>That said, students who are relying on financial aid to commit to a school could be unable to make an aid-informed decision. With updates being made so late in the financial aid processing cycle,&nbsp; Draeger asserts that financial aid offers will be delayed and that students will have compressed decision-making timelines.</p><p>&nbsp;</p><p>Should students take further action right now?</p><p>As of now, students do not need to take any further action. Colleges and universities are currently waiting on the necessary FAFSA information to create the 2024-25 academic year award packages.</p><p>&nbsp;</p></div>
<p><span style="color:inherit;">However, if you have yet to fill out the FAFSA, it’s recommended that you do so as soon as possible. Federal and institutional student aid is disbursed on a first come, first serve basis. Applying as close to application opening date as possible is key to maximizing your potential need-based federal aid. By Hanneh Bareham</span></p><div style="color:inherit;"><div><br></div></div>
</div></div></div></div></div></div></div> ]]></content:encoded><pubDate>Fri, 02 Feb 2024 18:36:03 -0600</pubDate></item><item><title><![CDATA[U.S. Department of Education Releases New Data Highlighting How the Simplified, Streamlined, and Redesigned Better FAFSA® Form Will Help Deliver Maximum Pell Grants to 1.5 Million More StudentsEnter your post title]]></title><link>https://www.lfeducationalconsulting.com/blogs/post/u.s.-department-of-education-releases-new-data-highlighting-how-the-simplified-streamlined-and-redes</link><description><![CDATA[This represents the most significant improvements to the FAFSA form since the Reagan era and will help 610,000 new students access Pell Grants NOVEMBER ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_E_Fy1MnfT0af5ObeBpCnlA" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_kU3rEOx4TCKpYZGVVhKTKA" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_9G3v2FWKRLGCFjLoWyg-pA" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_aybfYgxyF7xr8wfw96z0Hw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_aybfYgxyF7xr8wfw96z0Hw"] .zpimage-container figure img { width: 300px ; height: 168.00px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_aybfYgxyF7xr8wfw96z0Hw"] .zpimage-container figure img { width:300px ; height:168.00px ; } } @media (max-width: 767px) { [data-element-id="elm_aybfYgxyF7xr8wfw96z0Hw"] .zpimage-container figure img { width:300px ; height:168.00px ; } } [data-element-id="elm_aybfYgxyF7xr8wfw96z0Hw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/FAFSA%202023-2.jpg" width="300" height="168.00" loading="lazy" size="large" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_1D23_bFSS3iJvukQZmpVVg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_1D23_bFSS3iJvukQZmpVVg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-center " data-editor="true"><div style="color:inherit;"><div><h1 style="margin-bottom:10px;font-size:30px;"><span style="font-weight:bold;color:inherit;font-size:14px;">This represents the most significant improvements to the FAFSA form since the Reagan era and will help 610,000 new students access Pell Grants</span><br></h1></div><div><div><div><div><div><span style="font-size:10px;">NOVEMBER 15, 2023</span></div></div></div></div></div><div><div><div><div style="font-size:12px;"><span style="font-weight:700;">Contact:&nbsp;</span>&nbsp;Press Office, (202) 401-1576,&nbsp;<a href="mailto:%252520press@ed.gov">press@ed.gov</a><br></div></div></div></div><div style="margin-left:10px;"><div><div><div><div><ul><li><div><div><div></div></div></div></li></ul></div></div></div></div></div><div><p style="margin-bottom:10px;">The U.S. Department of Education (Department) today released new state-by-state data and details showing that the simplified, streamlined, and redesigned 2024–25 Free Application for Federal Student Aid (FAFSA) form will help 610,000 new students from low-income backgrounds receive Federal Pell Grants. The new FAFSA form will also help 1.5 million more students receive the maximum Pell Grant – bringing the total number of students eligible for the maximum Pell Grant amount to more than 5.2 million.</p><p style="margin-bottom:10px;">The changes to the FAFSA form represent the most ambitious and significant redesign of the processes to apply for federal student aid and the formulas used to determine aid eligibility since the Common Financial Aid Form—the FAFSA form’s predecessor—was introduced in the Reagan era. The updates are a part of the Department’s implementation of the bipartisan FUTURE Act and FAFSA Simplification Act. It is the vision and commitment of the Biden-Harris Administration to deliver a better FAFSA form and experience for students and families. The better FAFSA form will be available for students and parents by Dec. 31, 2023. Because the better FAFSA form is a major transition for students, families, schools, and other partners, the Department looks forward to working with schools, states, and college access organizations to support students and their families.</p><p style="margin-bottom:10px;">“When students and families fill out the better FAFSA form, they will find that applying for college financial aid is simpler, easier, and faster than ever before,” said U.S. Secretary of Education Miguel Cardona. “The Biden-Harris Administration’s implementation of the Bipartisan FAFSA Simplification Act modernizes an archaic system, simplifies the form, and improves access for underserved students -- representing the most significant overhaul of the federal financial aid application since the Reagan era. These bold changes will ultimately put affordable higher education within reach of more Americans, including 610,000 students from low-income families who will become eligible for Pell Grants for the very first time.”</p><p style="margin-bottom:10px;"><span style="font-weight:700;">Expanded Access</span></p><p style="margin-bottom:10px;">The better FAFSA redesign goes well beyond just a new form. Starting with the 2024–25 award year, the better FAFSA form reflects updates to student aid calculations that will extend Pell Grants to more students. Pell Grant eligibility will be linked to family size and the federal poverty level. These changes will help significantly expand access to federal student aid. Approximately 610,000 new students from low-income backgrounds will receive Pell Grants, driven primarily by the changes to these eligibility rules.&nbsp;Moreover, Pell recipients will receive more aid with nearly 1.5 million more students receiving the maximum Pell Grant.</p></div></div><p><span style="color:inherit;">“Pell Grants are a critical lifeline for millions of students and families to attend college or career school and pursue the American dream,” said Federal Student Aid Chief Operating Officer Richard Cordray. “We are deeply committed to making sure students from all backgrounds can easily apply for and receive the federal student aid they need through the better FAFSA form. In every state and the District of Columbia, more students than ever before will benefit from greater access to Pell Grants.</span></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Thu, 16 Nov 2023 17:40:02 -0600</pubDate></item><item><title><![CDATA[Do not assume you cannot afford college]]></title><link>https://www.lfeducationalconsulting.com/blogs/post/Financial-aid</link><description><![CDATA[One of the biggest mistakes many families make is assuming they won’t receive any aid from colleges and universities. Parents frequently put a strangl ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_VHil3ua2RiKyDdq1F2wavw" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_1n3OGetfTMm9TcmUOvRopg" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_qJIaKj_cThSSKwQZneGB_A" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_f76tCZt0kAzVikhX72rMVg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_f76tCZt0kAzVikhX72rMVg"] .zpimage-container figure img { width: 1110px ; height: 857.48px ; } } [data-element-id="elm_f76tCZt0kAzVikhX72rMVg"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-medium zpimage-tablet-fallback-medium zpimage-mobile-fallback-medium hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Finicial%20aid%20Be%202021.jpg" size="medium" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_x5CVjOPOSL2sOnOyv7yaGw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_x5CVjOPOSL2sOnOyv7yaGw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-center " data-editor="true"><div style="color:inherit;"><p style="margin-bottom:25px;font-size:16px;">One of the biggest mistakes many families make is assuming they won’t receive any aid from colleges and universities. Parents frequently put a stranglehold on their child’s college list and tell them that they can only attend an in-state institution because that’s all they believe they can afford. The myth of one price for all is simply not accurate.</p><p style="margin-bottom:25px;font-size:16px;">The reality is that paying for college is more similar to paying for an airline ticket, i.e., you could be sitting next to someone who paid twice what you paid or, unfortunately, that person across the aisle or in the dorm room next door may have paid remarkably less than you.</p><p style="margin-bottom:25px;font-size:16px;">Financial aid is more available and abundant than a lot of families realize. This is especially true at the most selective and most expensive colleges. These colleges and universities have exceptionally large endowments. As college tuition has soared beyond the grasp of many families, these institutions have been pressured to raise the income threshold that allows families to receive aid.</p><p style="margin-bottom:25px;font-size:16px;">Lynn O’Shaughnessy, my go-to guru for all things related to financial aid as well as a best-selling author and nationally recognized higher education expert who shares advice on her blog wwe.collegesolution, illustrated this phenomenon with this example:</p><p style="margin-bottom:25px;font-size:16px;"><em>“</em><em>The parents in my hypothetical family have a gross income of $300,000, with $100,000 in taxable assets. (Aid calculations don’t take into account retirement assets, so a family could have millions in retirement accounts without jeopardizing aid.) My couple has one Princeton-bound student and another headed to another university. When I ran the numbers, Princeton would provide the student with a grant of nearly $26,000 for freshman year.</em><em>”</em></p><p style="margin-bottom:25px;font-size:16px;">It does seem remarkable that a family earning $300,000 annually would qualify for $26,000 in need-based aid. It also seems counter-intuitive that a pricier college might end up being cheaper than the sticker price on a less expensive school, but that is why financial advisors recommend that everyone complete the financial aid forms.</p></div><p><span style="font-size:16px;color:inherit;">The two basic forms are the FAFSA – </span><span style="font-size:16px;color:rgb(255, 0, 0);">Free Application for Federal Student Aid</span><span style="font-size:16px;color:inherit;"> and the CSS Profile&nbsp; – </span><span style="font-size:16px;color:rgb(255, 13, 0);">The College Scholarship Service Profile</span><span style="font-size:16px;color:inherit;">. The FAFSA is a need analysis document required by virtually all higher education institutions for students seeking any aid, including the unsubsidized Stafford loan. The product of the FAFSA is the Expected Family Contribution (EFC). Your EFC is how much money the Federal Government thinks you can afford. You may not necessarily agree with their calculations, but that doesn’t matter. The EFC will determine the amount of need-based aid you will receive. The CSS Profile is the customized financial aid application form required at certain colleges to determine eligibility for institutional aid. by&nbsp;</span><span style="font-size:16px;color:inherit;">&nbsp;Lee Shulman Bierer,</span></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Fri, 10 Dec 2021 11:59:13 -0600</pubDate></item><item><title><![CDATA[What To Do After Submitting Your College  Applications]]></title><link>https://www.lfeducationalconsulting.com/blogs/post/What-To-Do-After-Submitting-Your-College-Applications</link><description><![CDATA[Most students heave a sigh of relief after they click on the college application submit button. Some of these same students find themselves in a panic ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_iWGnVOKcR8yKBO9kG8ndEA" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_z0tLN1-7TKG8p_ILuAF7Pg" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_d70Kr62nQ6GderlSAySASQ" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_ESbfjx61mYZwN-Al5it1Kg" data-element-type="image" class="zpelement zpelem-image "><style> [data-element-id="elm_ESbfjx61mYZwN-Al5it1Kg"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="size-original" data-size-mobile="size-original" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-size-original zpimage-tablet-fallback-original zpimage-mobile-fallback-original hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/hit-submit.png" size="original" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_BhMvIS5ZR16M6jWiQE2fFw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_BhMvIS5ZR16M6jWiQE2fFw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-center " data-editor="true"><div style="color:inherit;"><p style="margin-bottom:15pt;"><span style="font-size:11.5pt;">Most students heave a sigh of relief after they click on the college application submit button.</span></p><p style="margin-bottom:15pt;"><span style="font-size:11.5pt;">Some of these same students find themselves in a panic when they learn that components of their application package may not have arrived at the admissions office.</span></p><p style="margin-bottom:15pt;"><span style="font-size:11.5pt;">As a college consultant, I advise all my clients to check the status of their applications. Many schools offer applicants an easy “check status” option on their website. If something appears to be missing, call or email the admissions office to inquire. Most of the time, there is no reason to be alarmed. Usually, the missing item(s) have been received but haven’t been logged in the system.</span></p><p style="margin-bottom:15pt;"><span style="font-size:11.5pt;">For each school to which you apply, it’s a good idea to confirm that required recommendations (teacher evaluations and counselor’s report), transcripts and entrance exam scores, and other forms have been sent and received. Also, make sure that you have paid the required application fee.&nbsp; You may be able to confirm the fee payment on your credit card website.</span></p><p style="margin-bottom:15pt;"><span style="font-size:11.5pt;">Some colleges offer merit scholarships that require additional applications and essays. Check the college’s website for deadlines and relevant information.</span></p><p style="margin-bottom:15pt;"><span style="font-size:11.5pt;">If you are applying for financial aid, be sure to complete the required forms and applications, such as the FAFSA and CSS Financial Aid Profile. The FAFSA is an essential part of being eligible for state and federal grants. You also cannot obtain a federal student loan without filling out a FAFSA. Many schools have specific financial aid deadlines. Usually, this information is available on the college’s website.</span></p><p style="margin-bottom:15pt;"><span style="font-size:11.5pt;">Finally, some colleges and universities offer, suggest or require interviews. These interviews may take place on-campus or in the applicant’s local area. Often the applicant is required to take specific steps to schedule the interview. If interviews are offered, check the school’s website for deadlines and specific requirements. </span></p><p style="margin-bottom:15pt;"><span style="font-size:11.5pt;">Follow our checklist upon submitting your college application to confirm that all required materials have been received:</span></p><p><b><u><span style="font-size:11.5pt;">Check List<br><br></span></u></b></p><p><span style="font-size:11.5pt;">1.<span style="font-size:7pt;">&nbsp; </span>Application Fee</span></p><p><span style="font-size:11.5pt;">2.<span style="font-size:7pt;">&nbsp; </span>Teacher Evaluations, Counselor’s Report, Recommendations</span></p><p><span style="font-size:11.5pt;">3.<span style="font-size:7pt;">&nbsp; </span>Transcript and &nbsp;Additional&nbsp;Grade Reports &nbsp;(e.g. First Quarter &amp; Mid Year)</span></p><p><span style="font-size:11.5pt;">4.<span style="font-size:7pt;">&nbsp; </span>Entrance Exams (if applicable — SAT, ACT, Subject Tests)</span></p><p><span style="font-size:11.5pt;">5.<span style="font-size:7pt;">&nbsp; </span>Interview (if applicable)</span></p><p><span style="font-size:11.5pt;">6.<span style="font-size:7pt;">&nbsp; </span>Housing Form (if applicable)</span></p><p><span style="font-size:11.5pt;">7.<span style="font-size:7pt;">&nbsp; </span>Financial Aid Forms (if applicable)</span></p><p><span style="font-size:11.5pt;">8.<span style="font-size:7pt;">&nbsp; </span>Scholarship Forms and Applications</span></p></div><p><span style="font-size:11.5pt;color:inherit;">9.</span><span style="color:inherit;font-size:7pt;">&nbsp; </span><span style="font-size:11.5pt;color:inherit;">Other Forms (e.g., international, performing arts)</span></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Fri, 05 Nov 2021 09:43:00 -0500</pubDate></item><item><title><![CDATA[As FAFSA Completion Rate Declines, Students Could Lose Out On More Than Financial Aid]]></title><link>https://www.lfeducationalconsulting.com/blogs/post/as-fafsa-completion-rate-declines-students-could-lose-out-on-more-than-financial-aid</link><description><![CDATA[The Free Application for Federal Student Aid, better known as the&nbsp; FAFSA , is your passport to valuable sources of federal, state and college-based ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_PEWtVAWNSTmYg82eMlxSFA" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_fGnpg_7pQvSNyek4b16Zlw" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_AJj09SLCSxi_a3PMKD5N0g" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_lOXK9YAURvXyM71hSSvvBw" data-element-type="image" class="zpelement zpelem-image "><style> [data-element-id="elm_lOXK9YAURvXyM71hSSvvBw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="size-original" data-size-mobile="size-original" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-size-original zpimage-tablet-fallback-original zpimage-mobile-fallback-original hb-lightbox " data-lightbox-options="
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</div><div data-element-id="elm_-7kVahO7Tk-GCVjyQ7C4sA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_-7kVahO7Tk-GCVjyQ7C4sA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-center " data-editor="true"><div style="color:inherit;"><p><span style="font-size:13.5pt;">The Free Application for Federal Student Aid, better known as the&nbsp;<a href="https://www.forbes.com/advisor/student-loans/what-is-the-fafsa/">FAFSA</a>, is your passport to valuable sources of federal, state and college-based financial aid. But if you don’t fill it out, you could lose out on potential grants, scholarships and low-interest federal student loans. Even more troubling, research shows that high school students who don’t complete the FAFSA are less likely to enroll in college altogether.</span></p><p><span style="font-size:13.5pt;">That makes recent trends cause for alarm. By the end of the 2020-21 school year, nearly 5% fewer students submitted the FAFSA compared to the previous year, according to a&nbsp;<a href="https://www.ncan.org/news/573024/FAFSA-Completion-Declines-Nearly-5-Nation-Loses-270K-FAFSAs-Since-2019.htm" target="_blank">report from the National College Attainment Network</a>&nbsp;(NCAN), a group of nonprofit organizations focused on educational equity. That means about 102,000 fewer students have the opportunity to attend college affordably this year.</span></p><p style="margin-bottom:15pt;"><span style="font-size:13.5pt;">Here’s why pandemic-era FAFSA completion rates are bad news for students, and how to make sure you don’t miss out on free money for college.</span></p><div><p style="margin-bottom:15pt;"><b><span style="font-size:18pt;">Why FAFSA Completion Rates Dropped</span></b></p></div>
<p><span style="font-size:13.5pt;">Students graduating from high school in 2021 and planning to attend college in the fall experienced massive challenges in their junior and senior years.&nbsp;<a href="https://www.forbes.com/advisor/student-loans/fewer-high-school-seniors-are-submitting-the-fafsa/">Pandemic-related disruptions</a>&nbsp;including remote learning, job losses, health concerns and suddenly limited school-based resources like college counseling contributed to insufficient support for students.</span></p><p style="margin-bottom:15pt;"><span style="font-size:13.5pt;">As a result, throughout the 2020-21 school year, fewer students submitted a FAFSA than in the previous year, according to NCAN. That amounts to worse declines than the organization reported for the 2019-20 school year, when the Covid-19 pandemic began. Altogether, between 2019 and 2021, NCAN reports that about 270,000 fewer students filled out the FAFSA than anticipated.</span></p><p><span style="font-size:13.5pt;">In a survey of parents and undergraduate students conducted earlier this year, Sallie Mae uncovered a similar trend. Only 68% of survey respondents submitted a FAFSA in 2020-21, down from 71% in 2019-20 and 77% in 2018-19, according to its&nbsp;<a href="https://ww2.salliemae.com/about/leading-research/how-america-pays-for-college/" target="_blank">How America Pays for College 2021</a>&nbsp;study.</span></p><div><p style="margin-bottom:15pt;"><b><span style="font-size:18pt;">Why It’s Crucial to Submit the FAFSA</span></b></p></div>
<p><span style="font-size:13.5pt;">The FAFSA gathers financial information from students and parents in order to determine whether the student qualifies for&nbsp;<a href="https://www.forbes.com/advisor/student-loans/need-based-financial-aid-how-do-you-qualify/">need-based financial aid</a>&nbsp;for college. If you’re eligible for need-based aid, that means you have multiple options to receive grants you don’t have to repay, including&nbsp;<a href="https://www.forbes.com/advisor/student-loans/what-is-the-pell-grant/">Pell Grants</a>&nbsp;and student loans with low interest rates and fees, like&nbsp;<a href="https://www.forbes.com/advisor/student-loans/subsidized-vs-unsubsidized-student-loans/">subsidized federal student loans</a>.</span></p><p style="margin-bottom:15pt;"><span style="font-size:13.5pt;">Even if you don’t qualify for need-based aid, fill out the FAFSA so you can get other types of federal student loans. These include unsubsidized federal loans, which have fewer perks than subsidized loans but similarly low interest rates and flexible repayment terms.</span></p><p><span style="font-size:13.5pt;">Colleges also use the FAFSA to distribute federal&nbsp;<a href="https://www.forbes.com/advisor/student-loans/your-guide-to-the-federal-work-study-program/">work-study</a>&nbsp;funds and in many cases, institutional aid, meaning scholarships that come directly from the school. These can be awarded based on either financial need or personal accomplishments. Put simply, no one planning to attend college should skip out on the FAFSA.</span></p><p style="margin-bottom:15pt;"><span style="font-size:13.5pt;">But that’s just what is happening: When students don’t submit the form, they have far fewer ways to make college affordable if they attend school. And that’s a big “if.” According to NCAN’s research, a high school senior who submits the FAFSA is 84% more likely to enroll in college right away. That likelihood increases to 127% for students from the lowest-income families.</span></p><p style="margin-bottom:15pt;"><span style="font-size:13.5pt;">Put another way, when a student doesn’t submit the FAFSA, their chances of attending college the following school year plummets—especially when they’re most in need of financial support.</span></p><div><p style="margin-bottom:15pt;"><b><span style="font-size:18pt;">Submitting the FAFSA Early Offers Access to More Financial Aid</span></b></p></div>
<p style="margin-bottom:15pt;"><span style="font-size:13.5pt;">Some types of financial aid are first-come, first served. These include federal work-study funds and certain school- and state-based grants. The FAFSA opens up annually on October 1, and if you file the form as close to that date as possible, you have a better chance to receive money you don’t have to pay back. (The federal Pell Grant, however, isn’t awarded on a first-come, first-served basis; if you’re eligible, you’ll get the full amount you qualify for, up to $6,495 in 2021-22.)</span></p><p style="margin-bottom:15pt;"><span style="font-size:13.5pt;">The federal FAFSA deadline is much later than school and state deadlines. For example, for students attending college in 2021-22, the FAFSA first became available on Oct. 1, 2020. While the federal government doesn’t require you to submit the FAFSA to your college until just before you enroll, states and schools often have financial aid deadlines that are months earlier. As a result, you should aim to submit the FAFSA as close to October 1 as possible, even if you won’t enroll in college until a year or more later.</span></p><div><p style="margin-bottom:15pt;"><b><span style="font-size:18pt;">How to Fill Out Your FAFSA</span></b></p></div>
<p><span style="font-size:13.5pt;">The FAFSA is available online at&nbsp;<a href="http://www.fafsa.gov/" target="_blank">fafsa.gov</a>&nbsp;and on the&nbsp;<a href="https://studentaid.gov/mystudentaid-mobile-app" target="_blank">myStudentAid mobile app</a>. To speed up the submission process, create a Federal Student Aid ID (<a href="https://www.forbes.com/advisor/student-loans/fsa-id/">FSA ID</a>) in advance so that you can easily log in, save your work and sign the form. You must submit a FAFSA each year you’re in college, but once you’ve filled it out, you can&nbsp;<a href="https://www.forbes.com/advisor/student-loans/fafsa-renewal/">renew the form</a>&nbsp;thereafter rather than start from scratch.</span></p><p><span style="font-size:13.5pt;">If you’re a&nbsp;<a href="https://www.forbes.com/advisor/student-loans/dependent-vs-independent/">dependent student</a>, your parents will have to submit their financial information, too. You’ll need access to a range of data including tax returns, your Social Security number, proof of untaxed income and more. The&nbsp;<a href="https://studentaid.gov/apply-for-aid/fafsa/filling-out" target="_blank">Federal Student Aid</a>&nbsp;website lists the documents you should gather beforehand. Once you’ve completed the form, you’ll get a&nbsp;<a href="https://www.forbes.com/advisor/student-loans/how-to-read-your-student-aid-report/">Student Aid Report</a>, which offers a basic picture of the proportion of college costs your family will be expected to contribute.</span></p></div><p><span style="font-size:13.5pt;color:inherit;">While the FAFSA can be intimidating, especially for students who don’t have a parent or another source of support to guide them, there are ways to get help. You can search the Federal Student Aid website for answers to&nbsp;</span><a href="https://studentaid.gov/apply-for-aid/fafsa/filling-out/help" target="_blank" style="font-size:13.5pt;">frequently asked questions</a><span style="font-size:13.5pt;color:inherit;">&nbsp;or reach out directly to the&nbsp;</span><a href="https://studentaid.gov/help-center/contact#all-aid-fsaic" target="_blank" style="font-size:13.5pt;">Federal Student Aid Information Center</a><span style="font-size:13.5pt;color:inherit;">&nbsp;by live chat, email or phone. You can also find in-person help in your area by searching&nbsp;</span><a href="https://formyourfuture.org/more-resources/" target="_blank" style="font-size:13.5pt;">NCAN</a><span style="font-size:13.5pt;color:inherit;">’s database of resources and FAFSA completion events by state. by&nbsp;</span><a href="https://www.forbes.com/advisor/author/bmcgurran/" target="_blank" style="font-size:10.5pt;">Brianna McGurran</a></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Wed, 20 Oct 2021 12:05:04 -0500</pubDate></item><item><title><![CDATA[5 Tips for Choosing the College That Fits Your Financial Needs ]]></title><link>https://www.lfeducationalconsulting.com/blogs/post/How-to-Read-Your-Financial-Aid-Award-Letter</link><description><![CDATA[ &nbsp; With the May 1 enrollment deadline GONE, current high school seniors have some big decisions to make. In addition to choosing an in ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_tQwDo-3_Q4GegbweOguEbA" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_JqUgMVHUSgGP_jXB7QnmNA" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_vA3goGVuRCKO3hx0NTK6lg" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_vA3goGVuRCKO3hx0NTK6lg"].zpelem-col{ border-radius:1px; } </style><div data-element-id="elm_zkXW5HVUNIXOi67McVPRQw" data-element-type="image" class="zpelement zpelem-image "><style> [data-element-id="elm_zkXW5HVUNIXOi67McVPRQw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="size-original" data-size-mobile="size-original" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-size-original zpimage-tablet-fallback-original zpimage-mobile-fallback-original hb-lightbox " data-lightbox-options="
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</div><div data-element-id="elm_oDhFbMU4QFOyiPpsOmc8WA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_oDhFbMU4QFOyiPpsOmc8WA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-center " data-editor="true"><p style="color:inherit;"><br></p><p style="color:inherit;margin-bottom:13.8pt;"><span>&nbsp;</span></p><p style="color:inherit;margin-bottom:13.8pt;"><span style="font-size:18px;"><span>With the May 1 enrollment deadline GONE, current high school seniors have some big decisions to make. In addition to choosing an institution that aligns with your academic and social interests, it’s important to sele</span>ct a college that is financially feasible for you and your family.</span></p><p style="color:inherit;margin-bottom:13.8pt;"><span style="font-size:18px;">After receiving college&nbsp;acceptance, students should review each financial aid package thoroughly and factor the cost of each option into their final decision. Keep reading for some of our top tips on reviewing&nbsp;financial aid offers&nbsp;and choosing the best-fit options for your needs, goals, and budget!</span></p><p style="margin-bottom:13.8pt;"><b><span style="font-size:18px;color:rgb(237, 0, 0);">Read the Fine Print</span></b><b style="color:inherit;"><span style="font-size:18px;"><br></span></b><span style="color:inherit;font-size:18px;">Instead of skimming over your award letters, take time to understand exactly how much you will be expected to pay and through what means. Many schools offer different types of aid, including grants, loans, and scholarships. Understand the differences between these aid types: unlike grants and scholarships, loans with need to be repaid. This is another opportunity to fine-tune the research skills you honed earlier on in the college&nbsp;search process. If you’re struggling to differentiate between forms of aid, review the university’s website and consider reaching out to the financial aid office to get additional clarification.</span></p><p style="margin-bottom:13.8pt;"><b><span style="font-size:18px;color:rgb(237, 0, 0);">Note Any Stipulations</span></b><b style="color:inherit;"><span style="font-size:18px;"><br></span></b><span style="color:inherit;font-size:18px;">Once you feel confident in your understanding of different forms of aid, re-read your aid packages to note any stipulations or qualifications surrounding what you will be entitled to receive. For example, review whether awards are only for the first year or if they will renew from year to year. Similarly, take note of any minimum GPA requirements associated with&nbsp;scholarships&nbsp;or grants. When evaluating financial aid offers, it’s important to see the big picture and looking out for these kinds of qualifications will help you accomplish this.</span></p><p style="margin-bottom:13.8pt;"><b><span style="font-size:18px;color:rgb(237, 0, 0);">Factor in Other Costs</span></b><b style="color:inherit;"><span style="font-size:18px;"><br></span></b><span style="color:inherit;font-size:18px;">Tuition and housing aren’t the only expenses students need to have on their radar. Evaluate the cost of attendance overall, including living expenses,&nbsp;books, transportation, and activity fees. Living costs can vary greatly, in part based on where the college is located. For example, dining and other basic living expenses can be more costly in a major city versus a small town or rural location. In addition to factoring in the raw financial aid information, students should consider how far this will stretch at each institution they are considering.</span></p><p style="margin-bottom:13.8pt;"><b><span style="font-size:18px;color:rgb(237, 0, 0);">Stay on Top of It</span></b><b style="color:inherit;"><span style="font-size:18px;"><br></span></b><span style="color:inherit;font-size:18px;">Receiving an award letter isn’t always the end point of the financial aid process. Verify that the financial aid office is not waiting on any documents from you that will guarantee your aid packages. Additionally, some students may wish to submit updated financial aid information that can change their eligibility for funding. Something like a divorce or change in a parent’s employment status can impact how much and what kind of aid a student will receive.</span></p><p style="margin-bottom:13.8pt;"><b><span style="font-size:18px;color:rgb(237, 0, 0);">Factor in Opportunities</span></b><b style="color:inherit;"><span style="font-size:18px;"><br></span></b><span style="color:inherit;font-size:18px;">It’s important to enroll in a college that will provide students with exciting learning opportunities and room for personal and professional growth. Review each school’s career services, alumni network, and potential&nbsp;internship&nbsp;opportunities. Most institutions have resources dedicated to helping students gain hands-on work experience and develop their resumes. When making your final college decision, factor in what kind of opportunities are particularly exciting to you and where these experiences will be most readily available.</span></p><p style="color:inherit;margin-bottom:15pt;"><span style="color:inherit;font-size:18px;"></span></p><p style="color:inherit;"><span style="font-size:18px;">Making a decision about where to enroll in college can feel stressful, but with adequate research and consideration, students should feel confident about their choices.&nbsp;</span></p><p style="color:inherit;"><span style="color:inherit;"></span></p><p style="color:inherit;"><br></p><p></p><p><span style="color:inherit;"></span></p><p></p><p><span style="color:inherit;"></span></p><p><span style="color:inherit;"></span></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Fri, 28 May 2021 13:05:17 -0500</pubDate></item><item><title><![CDATA[3 FAFSA® Deadlines You Need to Know ]]></title><link>https://www.lfeducationalconsulting.com/blogs/post/3-FAFSA®-Deadlines-You-Need-to-Know-Now1</link><description><![CDATA[ Ah, deadlines: sworn enemy of students across the nation. When you’re busy with classes, extracurricular activities, and a social life, i ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_JM-0urRDQMGHfU2RcKuNcQ" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_lJjE7bmRRY2PkySv2rKYSw" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_LKOsc1uPT6arqzahkobykA" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_T0D3KAtSWVgJYXIsxdQk6Q" data-element-type="image" class="zpelement zpelem-image "><style> [data-element-id="elm_T0D3KAtSWVgJYXIsxdQk6Q"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="size-original" data-size-mobile="size-original" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-size-original zpimage-tablet-fallback-original zpimage-mobile-fallback-original hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/fafsa%202021.png" size="original" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_qzcgVXPSQ_ivwQ3Ml_mf3A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_qzcgVXPSQ_ivwQ3Ml_mf3A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-center " data-editor="true"><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">Ah, deadlines: sworn enemy of students across the nation. When you’re busy with classes, extracurricular activities, and a social life, it’s easy to let due dates whoosh by. Exam, term paper, Spanish club meeting…We get it.</span></p><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">Nevertheless, we’re here to point out a few more critical commitments to add to your calendar:<i>&nbsp;Free Application for Federal Student Aid</i>&nbsp;(FAFSA</span><sup><span style="font-size:9pt;">®</span></sup><span style="font-size:12pt;">) deadlines. It’s essential that you submit your FAFSA form on time, or you might lose out on big money that can help you pay for college.</span></p><p><b><span style="font-size:12pt;color:rgb(255, 0, 0);">The College Deadline</span></b></p><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">The first type of due date comes from colleges themselves, and—spoiler alert—it’s typically early. College deadlines vary from school to school, but usually come well before the academic year starts. If you’re applying to multiple colleges, look up each school’s FAFSA deadline and apply by the earliest one.</span></p><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">Many college FAFSA due dates are priority deadlines. This means that you need to get your FAFSA form in by that date to be considered for the most money. Many colleges have this date clearly marked on their financial aid webpages. If you can’t find it, you can always call the school’s financial aid office.</span></p><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">If you’re worried about&nbsp;</span><a href="https://blog.ed.gov/2019/09/7-things-need-fill-2020-21-fafsa-form/"><span style="font-size:12pt;">gathering information to complete the FAFSA form</span></a><span style="font-size:12pt;">&nbsp;in time to meet this deadline, don’t be. You can apply beginning Oct. 1. You’ll use 2018 tax information, so there’s no need for estimates.</span></p><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">Didn’t think it could get any easier? The Oct. 1 launch date coincides with many college application deadlines, so we recommend submitting admission and federal aid applications at the same time. If you haven’t figured out where you’re applying yet, don’t worry! You can still submit the FAFSA form. Just list any school you’re considering, even if you’re not sure whether you’ll apply or be accepted. You can always&nbsp;</span><a href="https://studentaid.gov/apply-for-aid/fafsa/review-and-correct#change-schools"><span style="font-size:12pt;">add or remove schools to your FAFSA form</span></a><span style="font-size:12pt;">&nbsp;later.</span></p><div align="center" style="color:inherit;"><span style="font-size:12pt;"><hr width="100%" align="center"></span></div>
<p style="margin-bottom:12pt;"><b><span style="font-size:12pt;"><span style="color:inherit;">2. </span><span style="color:rgb(255, 0, 0);">The State Deadline</span></span></b></p><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">The second deadline is set by your home state. You&nbsp;</span><a href="https://studentaid.gov/apply-for-aid/fafsa/fafsa-deadlines"><span style="font-size:12pt;">can check your state’s deadline.&nbsp;</span></a><span style="font-size:12pt;">&nbsp;Some states have hard deadlines and others have suggested dates to make sure you get priority consideration for college money. Many states have limited funds, so their FAFSA deadlines may be quite early. If your state’s deadline is “as soon as possible after Oct. 1, 2019,” you should get your FAFSA form submitted ASAP. Many of these states have limited funds and offer financial aid only until they run out, so the sooner you apply, the better your chances.</span></p><div align="center" style="color:inherit;"><span style="font-size:12pt;"><hr width="100%" align="center"></span></div>
<p style="margin-bottom:12pt;"><b><span style="font-size:12pt;"><span style="color:inherit;">3. </span><span style="color:rgb(255, 0, 0);">The Federal Deadline</span></span></b></p><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">This last deadline comes from us, the U.S. Department of Education, aka the FAFSA folks. Our only time constraint is that each year’s FAFSA form is no longer available after June 30 for that particular academic year.</span></p><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">That means that the 2020–21 FAFSA form will disappear from&nbsp;</span><a href="https://studentaid.gov/h/apply-for-aid/fafsa"><span style="font-size:12pt;">fafsa.gov</span></a><span style="font-size:12pt;">&nbsp; on June 30, 2021, because that’s the end of the 2020–21 school year. That’s right—you can technically go through your entire year at college before accessing the FAFSA form. However, a few federal student aid programs have limited funds, so be sure to apply as soon as you can. Also, as we said, earlier deadlines from states and colleges make waiting a bad idea.</span></p><div align="center" style="color:inherit;"><span style="font-size:12pt;"><hr width="100%" align="center"></span></div>
<p style="margin-bottom:12pt;"><b><span style="font-size:12pt;color:rgb(255, 0, 0);">Why so many due dates?</span></b></p><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">Each of these entities awards financial aid differently and at different times. What they all have in common, though, is that they use the FAFSA form to see whether you’re eligible for their aid programs. So when a college wants to offer its aid before the academic year starts, it needs your FAFSA form to do so. If you want in on that money to help you pay for college, you need to meet the deadline. The same goes for state aid programs. Additionally, many outside scholarship programs need to see your FAFSA info before they will consider your application. If you’re&nbsp;</span><a href="https://blog.ed.gov/2016/03/scholarship-basics-and-tips/"><span style="font-size:12pt;">applying for scholarships,</span></a><span style="font-size:12pt;">&nbsp;you need to stay on top of those deadlines, too.</span></p><p style="margin-bottom:12pt;"><b><span style="font-size:12pt;color:rgb(255, 0, 0);">What happens if I miss the deadlines?</span></b></p><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">Don’t miss the deadlines. Plan to get your FAFSA form in by the earliest of all the due dates for your best crack at college money. By missing deadlines, you take yourself out of the running for money you might otherwise get. Some states and colleges continue to award aid to FAFSA latecomers, but your chances get much slimmer, and the payout is often lower.</span></p><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">If you miss the end-of-June federal deadline, you’re no longer eligible to submit that year’s FAFSA form. Did we mention you shouldn’t miss the deadlines?</span></p><p style="color:inherit;margin-bottom:12pt;"><span style="font-size:12pt;">As the saying goes, “the sooner the better.” So turn in your FAFSA form (and that term paper!) as soon as possible.</span></p><p><span style="color:inherit;">&nbsp;</span></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Tue, 26 Jan 2021 10:32:43 -0600</pubDate></item><item><title><![CDATA[The FAFSA  is opens and its more important than ever to complete it ASAP]]></title><link>https://www.lfeducationalconsulting.com/blogs/post/The-FAFSA-is-opens-and-its-more-important-than-ever-to-complete-it-ASAP</link><description><![CDATA[Starting Oct. 1, current and prospective&nbsp;college &nbsp;&nbsp; students &nbsp;&nbsp; and their families can complete the&nbsp; Free Application for Fed ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_PW7-5MDTRMmIww6R4-ITyA" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_MC10rSP3SX2jOA3uGUrD3g" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_TiHujoNjRIu8FyJy98CuQA" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_82zp0y_cIHSB8EzVH_fvfw" data-element-type="image" class="zpelement zpelem-image "><style> [data-element-id="elm_82zp0y_cIHSB8EzVH_fvfw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-size-medium zpimage-tablet-fallback-medium zpimage-mobile-fallback-medium hb-lightbox " data-lightbox-options="
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                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/FAFSA%202020.jpg" size="medium" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_Lg2KFe9IRXmLiLso0cRrag" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Lg2KFe9IRXmLiLso0cRrag"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="font-size:13.5pt;"><span style="color:inherit;">Starting Oct. 1, current and prospective&nbsp;college</span><b style="color:inherit;">&nbsp;&nbsp;</b><span style="color:inherit;">students</span><b style="color:inherit;">&nbsp;&nbsp;</b><span style="color:inherit;">and their families can complete the&nbsp;</span><a href="https://studentaid.ed.gov/sa/fafsa" target="_blank" style="color:rgb(255, 0, 0);">Free Application for Federal Student Aid</a><span style="color:inherit;">, otherwise known as the FAFSA, for their share of&nbsp;</span><a href="https://studentaid.ed.gov/sa/types/infographic-accessible" target="_blank" style="color:inherit;">$150 billion</a><span style="color:inherit;">&nbsp;in federal student aid (including grants, loans and work-study) for the 2021-2022 school year.&nbsp;</span></span></p><p style="color:inherit;"><span style="font-size:13.5pt;"><br></span></p><p><span style="font-size:13.5pt;"><span style="color:inherit;">Colleges often&nbsp;distribute student aid funds on a </span><span style="color:rgb(255, 0, 0);">first-come, first-serve basis </span><span style="color:inherit;">in order of when students complete the financial aid applications, and</span><b style="color:inherit;">&nbsp;&nbsp;</b><span style="color:inherit;">this year it will be more important than ever that students complete the FAFSA as soon as possible.&nbsp;</span></span></p><p><span style="font-size:13.5pt;"><span style="color:inherit;">Because while the share of families filing the FAFSA has been decreasing in recent years, the economic </span><span style="color:rgb(255, 0, 0);">fallout of the coronavirus pandemic is expected to lead to an increased need for financial support.&nbsp;</span></span></p><p style="color:inherit;"><span style="font-size:13.5pt;">Discover Student Loans polled 1,500 parents with college-bound teens in early March and again in May. They found that 48% of parents lost income as a result of the pandemic, and 44% said they can not afford to pay for as much of their child’s education as they had originally planned.<b>&nbsp;&nbsp;</b></span></p><p style="color:inherit;"><span style="font-size:13.5pt;"><b><br></b></span></p><p style="color:inherit;"><span style="font-size:13.5pt;">As a result, 39% of those who did not plan to apply for federal aid in March, by May said they will. This increased need — and increased competition&nbsp;— means that applying early will be especially important.&nbsp;</span></p><p><span style="font-size:13.5pt;"><span style="color:rgb(255, 0, 0);">“Filling out the FAFSA is a critical step in the college financing process since schools use it to determine eligibility for federal, state and institutional aid, including grants and scholarships,</span><span style="color:inherit;">” explains Kate Manfred, Discover’s senior vice president of student loans. “The FAFSA becomes available on October 1, and some schools award financial aid on a first-come, first-served basis. That’s why it’s so important for families to fill out the FAFSA as soon as it becomes available — because it increases the likelihood a family will receive an aid amount they are comfortable with. There’s really no downside in applying early, but there is a potential downside of waiting and missing out on aid.”</span></span></p><p style="color:inherit;"><span style="font-size:13.5pt;"><br></span></p><p style="color:inherit;"><span style="font-size:13.5pt;">And while many families’ financial circumstances may likely change over the next several months because of the pandemic,&nbsp;Manfred says it is best to apply first and make adjustments later, as needed.&nbsp;</span></p><p><span style="font-size:13.5pt;"><span style="color:inherit;">“</span><span style="color:rgb(255, 0, 0);">Unfortunately, due to the nature of the ongoing pandemic, the timing at which Covid-19 impacts families may be unique, </span><span style="color:inherit;">and things may change after families fill out their FAFSA,” she says. “If that’s the case, there is an appeals process families can take advantage of to update their financial aid decision.”</span></span></p><p style="color:inherit;"><br></p><p style="color:inherit;"><b><span style="font-size:18pt;">Don’t miss out on financial aid&nbsp;</span></b></p><p><span style="font-size:13.5pt;"><span style="color:inherit;">“The number of families filing the FAFSA has been headed in the wrong direction for the past couple of years: 71% of families reported filing last year, down from 77% in 2018-19, and 83% in 2017-18,” says Sallie Mae spokesperson, Ashley Boucher, citing her organization’s annual ‘</span><a href="https://www.salliemae.com/about/leading-research/how-america-pays-for-college/" target="_blank" style="color:rgb(255, 0, 0);">How America Pays for College</a><span style="color:inherit;">’ report and implying that more families should apply. “Naturally, in light of Covid-19 and economic uncertainty, we may find more families looking for ways to keep those dollars in their wallets or bank accounts this year. That’s why the FAFSA becomes more important than ever. Students and families need to file in order to be eligible for this aid.”</span></span></p><p style="color:inherit;"><span style="font-size:13.5pt;"><br></span></p><p><span style="font-size:13.5pt;"><span style="color:inherit;">She continues, “Families might be tempted to wait to file. </span><span style="color:rgb(255, 0, 0);">In reality, though, it’s important to file on or close to October 1, regardless of whether your income has changed.</span><span style="color:inherit;"> File now, and then request a special circumstances form from your college’s financial aid office. This will kickstart a conversation where you can explain your situation, and appeal for more aid.”</span></span></p><p style="color:inherit;"><span style="font-size:13.5pt;">Boucher stresses that all families with college students should complete the FAFSA, even if they think they earn too much to qualify, explaining that in 2019, some 43% of families reported not completing the FAFSA because they believed they wouldn’t qualify for any aid.</span></p><p style="color:inherit;"><span style="font-size:13.5pt;"><br></span></p><p style="color:inherit;"><span style="font-size:13.5pt;">But,&nbsp;<a href="https://studentaid.ed.gov/sa/eligibility" target="_blank">there is no official income cut-off to apply for federal student aid</a>.</span></p><p style="color:inherit;"><span style="font-size:13.5pt;">“The reality is, nearly all who apply will qualify for some,”&nbsp;says Boucher.</span></p><p><span style="color:inherit;font-size:13.5pt;">“We’ve seen around 85% of students receive some form of financial aid,” says Manfred. “And especially in these unprecedented times, we encourage families to fill out the form every year even if they don’t think they’ll quality or need the aid.”&nbsp; </span><span style="font-size:12pt;"><span style="color:inherit;">By </span><a href="https://www.cnbc.com/abigail-hess/"><b style="color:rgb(18, 169, 224);">Abigail Hess</b></a></span></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Fri, 02 Oct 2020 08:41:46 -0500</pubDate></item></channel></rss>