One of the most baffling questions about the FAFSA is “When?” As in, “When do my assets count?” Or “When does my income count?” Or “When can I claim a tax credit?” This year’s FAFSA and CSS Profile use 2021’s income. Assets are counted at their value on the date you file. So when you file the FAFSA or Profile,…
If you’re wondering what the FAFSA actually looks like or what questions it asks, or you just want to see it before you file it, here’s an onscreen walk-through of the FAFSA. Although I had to use last year’s FAFSA, I’ve pointed out changes you’ll see this year, as well as some of the FAFSA Simplification changes that will come…
The FAFSA itself will be available on October 1. In the meantime, the Department of Education has released the EFC Formula Guide for this year’s FAFSA in case you’d like to take the data out for a spin before filing. Before you do that, a few safety reminders: The FAFSA is not the tooth fairy. The only thing the FAFSA…
I’m guessing this isn’t the first time you’re hearing that the Biden administration is going to forgive $10,000 of federal student loans per borrower, or up to $20,000 for those who received Pell grants. The announcement was a little short on details about how this is going to happen, but it did clarify borrower relief in three areas: A final…
Here in Oregon we’re not yet back to school (thankfully) but based on all the first day pictures I’m seeing on the socials, it looks like most of the rest of you are. With a new (school) year upon us, here are some resolutions your family might make for the coming school year. And, here’s hoping they don’t get broken…