This week, the talk of our town has been FAFSA®. As most college students probably know, the 2020-2021 FAFSA® year went live on October 1st.
Publications everywhere covered the release of FAFSA®. It seemed like a much needed major push to get students to apply for the financial aid that could help them pay for their college education.
This week we compile some of our favorite FAFSA® posts (including some that feature our CEO, Charlie Javice), and highlight some of the reasons college students should read them.
If you’ve been paying any attention this year, you know some complicated changes are going down that might hurt in-need students. A lot of these articles provide great suggestions that could help you avoid these pitfalls altogether. So, what are we babbling for? Let’s dive in!
6 simple steps to completing FAFSA®
CNBC’s Make It breaks down FAFSA® in the most simplified way. They provide some easy steps to follow, like gathering your documents ahead of time or knowing what schools you’re going to put on the application.
Having a formatted way to look at the application can help students who stay organized using lists or need structured instructions. A bonus to this article is the video that features our CEO, Charlie, breaking down how to get the MOST possible money from your application. Check out the full post here.
Buzzfeed chimes in on FAFSA® changes
Similar to our recent blog post about the 20/21 FAFSA® changes, Buzzfeed does students a solid by letting them know what could hurt their chances at aid this year.
This in-depth article will let you know what changed, what that means, and how you can work around the complications. Most of the changes have to do with the tax reform and the various forms that might be required. Check out what Buzzfeed has to say.
What does dropping out mean for FAFSA®?
It’s about that time. Around this time of year, some students are reconsidering their college decisions and choosing to drop out. The question on most of their minds? What does this mean for my financial aid?
Well, Forbes takes a look at what aid you have to pay back, which you don’t, and even what that might mean for your student loans.
Listen, college isn’t an easy decision. Sometimes you get there and realize you’re spending too much money. Sometimes you think you want to go away to school and you really don’t. It’s okay to change your mind, just make sure you’re taking care of your financial responsibilities if you do. Read the full article here.
Going to High School in one of these states? FAFSA® is required
That’s right. There are (finally) some states requiring the FAFSA® for all senior high school students. Those states include Illinois, Texas, and Louisana, who recently passed laws that make the application part of their graduation requirement.
Since Texas has one of the lower completion rates relative to their large population, according to FRANK’s recent finding, it’s great to see them take a step in a positive direction.
These types of policies push more students to enroll, which leaves less money on the table. If we could get all states on board with this, students would be in a much better place.