Summary of Figuring Out the FAFSA

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The FAFSA is a form that students can use to apply for financial aid. It requires information from the tax year that the student filed their taxes, as well as information from the tax year that the student is applying for financial aid. Families may have an extension to file their taxes, and if a family has had a drastic change in their income, they can submit an estimate of their income for the upcoming year.

  • 00:00:00 The FAFSA is a form that college students need to fill out in order to be eligible for financial aid. It is a free application, and by filling it out, the student can determine their eligibility for federal student aid. The form needs information about the household income, assets, and tax information from the previous year. The FAFSA is required by all colleges, and by filling it out, the student can determine their eligibility for financial aid.
  • 00:05:00 The FAFSA is a form that must be completed by students to apply for financial aid. Income and assets information must be gathered, and a college code must be entered for each school the student is applying to. The FAFSA only allows 10 codes to be entered at a time, so it is important to complete the form with the first 10 codes. If the data retrieval tool is not available or is not used, the form can be completed manually.
  • 00:10:00 The FAFSA is a form that students can complete to apply for financial aid. The form is open starting October 1st, and each state has its own deadline. States with earlier deadlines may have a higher chance of receiving financial aid, while states with later deadlines may have a lower chance. It is important to know the deadlines for the state that the student resides in, as well as the college's deadline, in order to avoid missing out on any financial aid.
  • 00:15:00 The video explains how colleges use the "Cost of Attendance" (COA) to determine "Financial Need" (AFN). The cost of attendance includes direct and indirect costs, and the expected family contribution (EFC) is also considered. The video also provides a one-time opportunity to join a webinar on the CSS profile.
  • 00:20:00 The FAFSA is a form that students can use to apply for financial aid. It requires information from the tax year that the student filed their taxes, as well as information from the tax year that the student is applying for financial aid. Families may have an extension to file their taxes, and if a family has had a drastic change in their income, they can submit an estimate of their income for the upcoming year.
  • 00:25:00 The FAFSA is a required application for financial aid at college. The application deadline for financial aid is typically earlier than the application deadline for admission, but they can overlap. If you have questions about the FAFSA process, the best way to get help is to contact the financial aid office.

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