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How to Money
FAFSA Hacks to Curb College Costs w/ The FAFSA Guru #755
Nov 29, 2023
The FAFSA Guru joins the hosts to discuss critical changes to the FAFSA, costly mistakes divorced parents make, appealing a financial aid offer, and tactics for curbing college costs. They also touch on how financial aid is determined, correcting mistakes on the FAFSA form, writing appeal letters, and financial aid options for graduate students.
49:50
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Quick takeaways
- The FAFSA is being simplified, reducing the number of questions from 108 to 38 and introducing the Student Aid Index as a replacement for Expected Family Contribution, which will help expand Pell Grant eligibility and adjust the financial benefit for families with multiple children in college.
- Filling out the FAFSA early and annually is crucial to increase chances of receiving more financial aid, as there are state deadlines and limited aid pools.
Deep dives
The importance of filling out the FAFSA
The FAFSA is essential for accessing federal and state financial aid to help pay for education. Every student planning on going to college should fill out a FAFSA unless they have sufficient funds reserved specifically for college.
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