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PostHeaderIcon Fafsa Form Definitely Determines your Financial Aid Status, Take your Time!

After learning about the FAFSA financial aid program and realizing just how helpful it can be for your future, you need to go for it. At least there must be a way to take you to the actual process. You do this by filling up a FAFSA (Free Application for Federal Student Aid) form that requires you to fill in all important and detailed information supposed to determine your eligibility for financial aid.

This, therefore, is something to be taken seriously and needs accuracy and ample time. As a prospective student you need to have access to FAFSA every year to help fund your education. FAFSA information is available online and the forms are available in FAFSA website. In the website there are easy to understand links and guidelines to help fill in the FAFSA form completely and submit it.

Also be aware that there are other financial means that you may feel comfortable for you. It is a student’s choice but all the information you need about alternative financial aid is available online.

It is advisable to have a guardian, parent or any experienced person to advise you especially to stress on the reason for your dire need for financial aid. This will help you give crucial information that will determine the results. If you like it, and please note it is important, download a printable form, or get a FAFSA form from your high school, call and ask for the form on 1-800-4-FED-AID, or even get one from your local library. Fill in the details whether you choose to use the hard copy or online one as draft first to avoid errors while filling in the final copy. Most important, have all the important and required documents at hand.

The FAFSA form is readily available online, it’s by no means you will have difficulties in obtaining it. Filling FAFSA online form will allow you to reenter information if there are any errors, save already filled information since some pages contains the save button, and be most sure only correct information is filled before submitting. Again you will receive student aid report on time and faster. So fill the FAFSA electronically for it is a free, safe, reliable and a quick way to get financial aid.

Poly Muthumbi is a Web Administrator and Has Been Researching and Reporting on Student Loan Consolidation for Years. For More Information on FAFSA form, Visit Her Site at FAFSA FORM

Poly Muthumbi is a Web Administrator and Has Been Researching and Reporting on FINANCE for Years. For More Information on STUDENT LOANS, Visit Her Site at ONLINE FINANCIAL PORTICO

PostHeaderIcon Tax Time is Fafsa Time

At this time of year parents are pulling together their 1040s, W-2 and other financial paperwork as they get ready to settle down and prepare their federal and state tax returns. It is also the time that parents of college bound students should also prepare their Free Application for Federal Student Aid (FAFSA). It is the perfect time to prepare your child’s FAFSA, as much of the income and asset information will be right in front of you as you complete the tax returns.

For those students who are currently in their senior year of high school, January is a critical time to complete and submit your FAFSA. Many colleges set priority deadlines for FAFSA applications for incoming freshman as early as February 1st. For returning college students, the institutional deadline can be as late as August 15th. Students need to contact the Financial Aid Office of each college to which they have applied to for admission to determine all financial deadlines.

Early Bird Gets The Worm

By getting your financial aid application in as early as possible and before the priority deadline, you increase your opportunity for a larger financial aid award. Simply put, financial aid is awarded on a First Come, First Served Basis. Colleges and universities have a finite amount of financial aid and scholarship funds available and you don’t want to miss out on your top college choice, because you missed the college’s financial aid deadline. If the college’s deadline is approaching and you have not received all your financial documents, you may estimate your income and assets, particularly if your income and assets have not changed significantly from the previous year. Keep in mind that you will need to update the information once you have all the needed documents. Estimating your FAFSA data gets your financial aid folder on a counselor’s desk for review that much quicker.

Choose How to File

There are three methods to file a FAFSA. You may apply on line at http://www.fafsa.edu.gov/ and complete the FAFSA on the Web (FOW) application, which is the Department of Education’s preferred method. You may want to print out and complete the FAFSA On the Web worksheet, before entering the data online.

Other FAFSA worksheets available for downloading are:

Dependency Status Worksheet-used to determine if the student is Independent.

Student’s Income Estimator Worksheet- used if student has not filed a 2008 federal tax form.

Parent’s Income Estimator Worksheet- used if the parent’s have not filed a federal 2008 tax form.

Drug Conviction Worksheet- used to determine if a student has a conviction for possession or sale of illegal drugs that could make the student ineligible to receive federal financial aid.

You may also download a PDF version of the FAFSA form. With this method you must mail the completed application to be processed. A paper FAFSA is also available by calling the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243) or 1-319-337-5665. The hearing impaired should contact the TTY line at 1-800-730-8813.

Renewal Application Makes Process Easy

For current college students who applied for financial last year, the Renewal FAFSA allows you to update only the data that has changed from the previous year’s form. FAFSA and Renewal FAFSA applications may be completed in paper form or on the web through the US Department of Education Website http://www.fafsa.ed.gov/.

Addressing Special Circumstances

In the current economy many families may be faced withunanticipated circumstances such as a loss of a job, home foreclosure, etc. The FAFSA should initially be completed with the income  for the year requested. Once it is completed, you should arrange to speak with the Financial Aid Director at the college to request a Professional Judgement Review. This a formal process, where the Aid Administrator will review your situation based on your current circumstances to determine if your eligibility for financial aid can be increased. Be prepared to provide documentation to relevant to your situation, (ie. unemployment paperwork, layoff letter, notice of foreclosure).

So, remember when you sit down to prepare your tax returns, sit a few minutes longer and complete your FAFSA to maximize your financial aid award.

 

Sharon McLaughlin is a college planning consultant with over 20 years of experience as a college administrator in the areas of admissions and financial aid. Check out my website at www.headforcollege.com or my blog at head4college-ne.blogspot.com.

PostHeaderIcon May Go To College Full Time Then Get A Part Time Job?

I am looking into getting a part time job while doing an online degree in early childhood education to become a teacher. What part time jobs seem to fit well to go with this degree and won’t be to stressful to handle?
Also anyone who is going to college online and have a part time job how is it?

PostHeaderIcon Earning Masters In Electrical Engineering While Working At The Same Time?

I would like to do Masters in Electrical Engineering while I am working. I am in USA CA. Can anyone please provide info of good college which provide online education?

PostHeaderIcon Online College Courses, Waste Of Time Or Great Investment?

Is it reliable, is the quality different than the traditional college scene, is it less expensive??
I want to persue a career in psychology, could I possibly recieve an online education in this field?
I am twenty years old I will be a junior in the tradational college scene, I have just completed my Associates Degree at a community college. I fear that I would be missing out on the whole “College/University Experience” if I decide online is the way to go.
Any suggestions??

PostHeaderIcon Project Manager–should I Go For A Full Time Or Part Time Mba?? Or Other Opportunities?

I am a project manager with 5 years of work experience in the healthcare industry in Orange County, CA. I am looking for career advancement to hopefully be an executive one day. Should I get an MBA, and if so should I go full-time or part time? People say the network is important, but I see that you can network in both Full Time or Part Time. If I could find an exciting job and advancement without getting an MBA, I would consider that too. Let me know your thoughts or if you have any recommendations (MBA school, Job, etc.)

PostHeaderIcon Is The Online Masters In Computer Science At Njit Worth The Money And Time?

I have been working in IT for 25 years and I am currently a Software Developer. I anticipate working another 15 years and would like to get a Masters in Computer Science to advance my career. I’m very involved with my children and I think an online program would work best for me. Any opinions on New Jersey Institute of Technology’s online Masters? Will it help my career?

PostHeaderIcon Is Time In The Military Always The Best Way To Start A Career In Public Service/government Organizations?

I’ve been considering careers in foreign service, Politics, FBI and the State Department. I’m a Junior in college now thinking about switching out of accounting to finance and polisci double major and doing an extra year so I can finish those degrees and do ROTC. Is the military a good move for me given my situation and the state of the economy?

PostHeaderIcon While Enlisted In The Air Force, Will I Have Time To Take Online Courses To Further My Career? At What Cost?

What educational benefits do enlisted Air Force men and women have and how do you take the classes?

PostHeaderIcon Would It Be A Waste Of My Time + Money To Enroll In The Pharmacy Tech Career Diploma At Penn Foster Online?

I have been employed as a Pharmacy Tech for 3 months and am scheduled to take the PTCE in October. However, I feel like there is still a lot of stuff I don’t know about my job and that it might help me pass the PTCE.
Opinions?