It is a daunting task to analyze, interpret, and implement federal financial aid regulations these days. Hopefully the information I provide will help you understand and locate the financial aid you need to earn your online degree.
This is a reposting of my January 1, 2008 blog (Happy New Year!), so please disregard if you've already read this.
On that note, let me announce that the 2008-09 FAFSA on the Web is now available! There are some changes to the process that I need to tell you about, as well as some tips.
New for 2008-09:
- For
those of you who have completed a FAFSA before, there is no longer a
Renewal FAFSA. Instead, you will be asked if you want to access a
"pre-filled" application, which has the demographic information from
the prior year. The fields to be updated for 2008-09 will be blank.
- Students
and parents who do not have a PIN will now be able to create a PIN at
the time the FAFSA on the Web is completed. If you have filed a FAFSA
before, you already have a PIN. In the past, the student's PIN was
emailed after the FAFSA was completed, and parents had to request a PIN
on their own. I highly encourage you to create your (and your parent's,
if required) PIN at the time you complete the FAFSA.
- There are
four new options for listing a school choice on the 2008-09 FAFSA. Now,
you can request the FAFSA be sent to up to 10 schools.
Tips on filing the FAFSA:
- Use
the FAFSA Preapplication Worksheet. This worksheet is the second bullet
under Step 1 of the FAFSA on the Web. Print this worksheet and complete
the information prior to entering the data on the official online
application. This will save you time when completing the actual
application.
- Read the FAFSA thoroughly! Many rejected
applications are the result of not reading the directions. For entering
tax information, the FAFSA tells you exactly which lines to look at on
your tax return. Don't assume you know what they're asking.
- Don't
leave necessary questions blank. If you are asked to enter a dollar
amount and the question does not apply, enter a 0. This is especially
important, as financial aid administrators don't know if your answer is
0, or if you unintentionally left it blank. Leaving information blank
may require additional followup by your financial aid office.
- Use
your PINs. The FAFSA requires the necessary signatures, whether
electronically or by paper. If you have created or established a PIN,
this will expedite your application. If you do not use PIN numbers, a
paper signature page must be completed at the end of the FAFSA
application and mailed to the federal processor.
- If you do not
have your taxes completed, you may file the FAFSA using the "will file"
option in the tax information. However, you should have a very good
estimate of what your tax information will be. Significant changes
between tax figures from the previous year and 2007 may raise a red
flag at your financial aid office, which means you may be selected for
verification.
- Do not use www.fafsa.com!!!!!!! This website
is not affiliated in any way with the Department of Education, and may
charge you a fee for filing. The official FAFSA website is www.fafsa.ed.gov
- File
early! Don't put off completing the FAFSA. I know it's a tedious
process, but it's in your best interest to file as soon as you are
able. Federal campus-based aid such as Federal Supplemental Opportunity
Grant (SEOG) and Federal Work Study are very limited in funding
and monies go very quickly. Even filing early does not guarantee you
will qualify for these programs, or that funding will be available.
Best wishes for a new year in education!
Anonymous comments are disabled
About ter
I have been a financial aid advisor for nearly 25 years now! Time really does fly. Like other e-learners, I acquired my Bachelor of Arts degree and my Master of Science degree while working full time and raising a family. My coursework consisted of classroom instruction, online and independent study courses, and weekend classes.
I began in financial aid as a secretary, and have worked my way to senior level financial aid advisor at a public four year college in the Midwest. When I began in 1984, we did not have computers, so I have seen the evolution of technology and its impact on education and financial aid.
My husband and I have four children in our household. My daughter and stepson are both in college. My son and stepdaughter are high school freshman.
I look forward to being a part of eLearners.com and given the chance to educate students, especially “non-traditional” students, on the ins-and-outs of financial aid. It is a daunting task to analyze, interpret, and implement federal financial aid regulations these days. Hopefully the information I provide will help.