As most of you know, we are in the middle of college planning season — applications and financial aid paperwork are everywhere. The first financial aid paperwork hurdle is the FAFSA, which everyone should file, regardless of whether they think they will receive any aid. Here are a some things to keep in mind when filling out the FAFSA:
- The student and parent each need to create their own FSA ID. The FSA ID is login information and your legal signature when you submit your FAFSA. Go here: https://fsaid.ed.gov/npas/index.htm.
- Although the IRS Retrieval Tool may be quicker, you will not be able to see exactly what information was imported from your taxes and there could be mistakes.
- Be aware of all FAFSA deadlines, especially if you are applying early action or early decision.
- Be careful of typos — review birthdates, social security numbers and other information where numbers could be easily transposed.
- Your Expected Family Contribution will appear on the confirmation page once the FAFSA is submitted.
Filing the FAFSA is just the first step, but an important one. If you want to avoid paying retail for college like so many other families, give me a call at 858.334.3998 or email me at email@example.com to book a complimentary strategy session. Don’t wait — November is filling up!