529s are a source of a bit of confusion when it comes to filling out the FAFSA. Here are some common issues: 529s for multiple children: All of the parents’ 529s get reported on the FAFSA as parent assets. Let’s say you have 3 children, ages 17 (the one whose FAFSA you’re completing), 15, and 12, and you have a…
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I get a lot of questions about where we are in the application process. Here’s a quick update: Daughter: Following our college tour, she started looking at the applications for the various schools she’s interested in. Even with a pretty basic list– our in-state flagship, an out-of-state
529 plans definitely fall under the heading of Not All Created Equal. The good news is, if you’re in a bad one, it’s pretty simple to make a change and the only cost should be your time to make the change.
This is a quick refresher on how the FAFSA works. The most important part of how it works is this: The FAFSA calculates your Expected Family Contribution. It is not the tooth fairy. The schools to which you apply use your EFC to determine your aid package. The FAFSA does not obligate them to meet your need; however, for purposes…
Next year’s FAFSA will be available on Oct. 1. That doesn’t mean you need to rush online and complete it on Oct. 1. Here are a few things that should factor into your timeline for completing it.