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FAFSA

FAFSA Simplification in the Stimulus

169 pages of this week’s stimulus bill are devoted to FAFSA simplification. It’s a great step and I apologize that 169 pages of bill-speak have left me unable to simplify the changes for you yet. Here are a few broad points: The changes take effect beginning with the FAFSA for the 2023-2024 school year, which is the first FAFSA for…

FAFSA Schools vs Profile Schools

Students for whom financial aid is a priority will in many cases be better served by focusing on schools that use the FAFSA and not the CSS Profile. Likewise, a student whose first choice school uses the Profile and is out of reach financially would be well-served in the financial aid appeals process to find a competitive school that uses…

FAFSA: It’s Not Too Late

Nationally, FAFSA completion rates are down over 16% compared with this time last year, with just under 19% of current seniors having completed it through the first week of November. While the drops are steeper in lower income schools, schools with higher concentrations of students of color and in rural areas, significant declines show up across all school demographics. Many…

FAFSA: What to do with Student Money

Parents spend a lot of time and effort planning for their own assets on the FAFSA. It’s worth taking at least as much time to think about your student’s assets, both since they count a lot more and since there are good ways to shelter them. Unlike parents, students don’t get an Asset Protection Allowance, so 100% of their assets…