Each year the Free Application For Financial Student Aid (FAFSA) becomes available for families to access and fill out on October 1st. Families are encouraged to fill out the FAFSA as close to October 1st as possible, in order to ensure students do not miss out on government grants and aid that are limited and given out on a first come, first serve basis.
To help families be prepared, review our 2 recordings of webinars we hosted with Luanne Lee, a college funding professional. By attending these webinars you’ll learn:
- What documents and information you should have on hand to fill out the FAFSA.
- Who needs to create a FAFSA id and electronically sign the FAFSA.
- How will recent changes to the IRS Data Retrieval Tool impact this year’s process.
- What is the SAR?
- How is your EFC calculated and what factors have the greatest impact.
- Backup documentation to have in case you are selected for verification.
The second recording is devoted to walking through an actual FAFSA submission. You’ll also be able to download our list of costly mistakes to avoid when filling out FAFSA.
If the FAFSA is free, why is there a charge for this recording?
This is a fair question. The FAFSA is free to file, just like your tax forms. But as with taxes, people sometimes feel they want more expert help. Everyone family’s situation is different. For more complex situations or if it’s your first time filing, you might want extra help to ask questions and get more personalized attention.
We’ve priced these recordings at the same price as getting a sub/hoagie and a drink. It’s meant to educate people on the form, the process, what impacts Expected Family Contribution and also give participants a chance to submit questions to a college funding professional, who would normally charge an hourly rate of $150 or more.