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
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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