2. Don’t care
because you
don’t think you’ll
qualify for
financial aid?
REALL
Y!?
According to Mark Kantrowitz and David
Levy of Edvisors (yeah these guys know
what they’re talking about):
…unless the parents earn more than
$350,000 a year, have more than
$1 million in reportable assets, have only
one child in college and that child is
enrolled at a public college, they should
still file the FAFSA. If the family wants
to receive federal education loans, they
should file the FAFSA regardless of their
income and assets.
3. Junior Year
Review Financial Aid Strategies
Since financial aid awards will be calculated on the base
year that starts January 1 of the student’s junior year,
this is the last chance parents have to implement some
financial aid strategies that could significantly increase
their student’s eligibility for need-based financial aid.
4. Why do you need a strategy?
Because 47% Of Your
Net Income Is expected
To Go To College Costs!
5. Junior Year
January: Start of the Financial Aid Tax Year
1.Use the College Board EFC Calculator
2.Start using Net Price Calculators at
college websites.
6. Shouldn’t you use calculators after
you pick schools to apply to?
NO! NO! NO!
Use Net Price Calculators to
pick schools to apply to
because they are likely to give
you the best financial aid!
7. Senior Year
Get Ready to Apply for Financial Aid
1.Collect Required Financial Documents
2.Check financial aid priority deadlines
for all possible colleges and state aid
programs.
This shouldn’t be
a big deal since
you’ve been using
the information
with all of the
net price
calculators you’ve
tried since last
spring, right?
8. Senior Year
October 1: CSS/Financial PROFILE Available
1.Complete CSS/Financial PROFILE if required
for early decision or early action.
2.Apply for FAFSA PIN
9. Senior Year
January 1: FAFSA is Available
Complete FAFSA as soon as possible, consider
using estimate if necessary. Submit any special
circumstances information to College financial
aid office.
10. Senior Year
Time period for fine arts scholarship auditions
and campus scholarship weekends.
Review your Student Aid Report (SAR)
12. Senior Year
May 1: deadline to place deposit for school you accept.
1. Accept part of or all of award
2. Report outside scholarships
3. Check with college for following:
when/where work-study jobs are posted
how funds will be disbursed and how often
for start date of payment plans
