Browsing Category

FAFSA

Simplified Formula: Not So Simple

The FAFSA offers a “Simplified Formula” that eliminates asset reporting for low-income families– those with household incomes below $50,000. There are some eligibility limitations, primarily designed to limit the Simplified Formula to those who truly have low incomes, not those who are able to manage or artificially reduce their incomes. In the past, in order to qualify for the Simplified…

When to File the FAFSA

It’s the big day: the FAFSA is here! So, you need to file it right away, right? Not exactly. First, schools generally won’t do anything with your FAFSA until they have an application from your student, so the earliest you need it done is the end of this month if you’re applying Early Decision or Early Action. Remember that the…