Got a kid going to college? Give me 60 seconds to start on your financial aid adventure.
First, you need to understand that it does not matter how wealthy you are.
There is a ton of money out there, you should at least try to get what you deserve.
Learn the lingo and start with FAFSA.
That stands for Free Application for Federal Student Aid and it is the first thing that you need to fill out.
Dig up those old tax returns, because you need the "prior prior" year.
Yes that's a double prior, meaning if you are applying for financial aid for the 2017 / 2018 school year, you need your 2015 tax info.
With so many marriages ending in divorce these days, know that the parent who provides the most support, and who the child lives with 51% of the time, files the FAFSA.
Financial Aid forms are a snapshot in time. So if you have $100,000 in your checking account on Monday, you withdraw it all on Tuesday, and file the form on Wednesday, you report nothing in your checking account.
And be careful with those investment accounts in your kids names, if they are substantial you may be doing more harm than good when it comes to the aid received.
First, you need to understand that it does not matter how wealthy you are.
There is a ton of money out there, you should at least try to get what you deserve.
Learn the lingo and start with FAFSA.
That stands for Free Application for Federal Student Aid and it is the first thing that you need to fill out.
Dig up those old tax returns, because you need the "prior prior" year.
Yes that's a double prior, meaning if you are applying for financial aid for the 2017 / 2018 school year, you need your 2015 tax info.
With so many marriages ending in divorce these days, know that the parent who provides the most support, and who the child lives with 51% of the time, files the FAFSA.
Financial Aid forms are a snapshot in time. So if you have $100,000 in your checking account on Monday, you withdraw it all on Tuesday, and file the form on Wednesday, you report nothing in your checking account.
And be careful with those investment accounts in your kids names, if they are substantial you may be doing more harm than good when it comes to the aid received.
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