The Free Application for Federal Student Aid, or FAFSA, determines how much you or your child may receive in financial aid, but not many understand how it works. What exactly affects how much financial aid you or your child will be eligible to receive? How is it calculated? Perhaps most importantly, how can you maximize your chances at receiving the proper amount of federal aid?
Filing my taxes and even form 6781 is easier than the FAFSA form.
How should one save for college when we have six years left? $90k joint income nothing saved except for retirement and FOO #1. Paying off $55k in debt. Oldest kids is independent for FAFSA, youngest kid is likely to be a dependent barely
Oh the joys of the government forms and too much information. My husband was so irked the first time we had to scramble for quicken data, turbo tax data, etc. I made a rather rude analogy about it, and the process has not improved by child 3. (See how much information we share about ourselves, just chatting?) There is $ to be collected at colleges, but the price of getting the prize is steep. I wish there was a trap door to say I will not qualify for check box here, but list my kid as Filed and move on to the funds that are available.