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Understanding Financial Aid

Hi Friend,

Happy Holidays! We hope you get the opportunity to relax and recharge during the winter break. 

The Department of Education has announced that the Free Application for Federal Student Aid (FAFSA) will be available by December 31, 2023. There will likely be a delay in processing the FAFSA after the updated version of the form goes live, a setback that could slow the delivery of college financial aid offers. Being prepared to file the FAFSA is the best way to stay one step ahead.  

The goal of planning for your family’s college financial strategy is to create a plan that provides the best educational experience for your student without taking on unmanageable amounts of debt. Gain a solid understanding of the financial terms and concepts related to financial aid and the college application process from our guest blog, “Financial Aid Explained,” written by Emilia Copeland Titus for Strategies for College, a college planning affiliate I work with.  

If you are unsure about your family’s college funding plan and need help getting started with financial aid forms, reach out to us and schedule a complimentary consultation. We wish you a happy holiday season with your loved ones and look forward to talking with you soon! 

– Trixie

Let’s Talk!

Education Department Expects Delay in Initial Processing of FAFSA Forms

The Education Department said there will be a delay in processing the Free Application for Federal Student Aid after a new version of the form goes live in December, a setback that advocates say could slow the delivery of college financial aid offers.

The department said that while students will be able to start submitting the FAFSA online, colleges will receive aid eligibility information by the end of January. 

Financial Aid Explained

At Strategies For College, we strongly encourage parents to start planning their financial strategy for their student’s higher education before their senior year of high school.

This process involves quite a bit of research and should include a careful, honest assessment of your family’s financial situation. The goal is to develop a plan for college that results in the best possible educational experience for your student without putting your family into unmanageable amounts of debt.

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Enroll in our FREE on-demand webinar and learn how to calculate: 

  • Expected Family Contribution (EFC)
  • Cost of Attendance (CoA)
  • FAFSA and CSS profile
  • Public versus private costs
  • How you can afford college without jeopardizing retirement

Enroll for free now! Just click the button below!

Westface College Planning is here to help ensure your planning is where it needs to be. Contact us with any questions you might have for the years to come!

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If you’re a typical parent with college-bound students, you’re probably overwhelmed. You want to help your sons and daughters make the right choices and prevent overpaying for their education. You’re not alone! We’re here to help. Schedule your free consultation today – click below to get started!

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