Many schools’ FAFSA deadlines are rapidly approaching, or even past. Whether or not you think you’ll get need-based aid, you should be completing and submitting the FAFSA (and PROFILE, if applicable). What happens if you miss your school’s deadline? Each school has its own policies so
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Need-based Aid
When it comes to negotiating and aid award, it’s helpful to understand both how the Professional Judgment (PJ) process works and how negotiating in general works. With the PJ process, the school has a specific set of constraints and you must work within them. The Department of Education allows schools to make adjustments “on a case-by-case basis only to adjust…
A financial aid package often includes work-study as one component. Typically the package includes a dollar sum of work-study income to be used for education costs. It’s up to the student to find a qualifying work-study job once they arrive on campus, and there is no guarantee that such a job is available.
The Higher Education Act, which oversees federal financial aid programs, is overdue for a reauthorization. The House education committee, led by Rep Virginia Foxx, R-NC, is about to release a draft proposal called the Promoting Real Opportunity, Success and Prosperity through Education Reform (PROSPER) Act. According to Inside Higher Ed, the proposal includes significant changes in several key areas:
For divorced parents, figuring out who is the custodial parent for FAFSA filing purposes can be a little confusing. Actually, the rules are pretty simple: the custodial parent is the one with whom the student spends the most time. That’s not necessarily the parent named custodial parent in the divorce decree, or the one claiming the student on their tax…