Are The Financial Aid Forms Simple To Fill Out? While it?s correct that any person can complete the financial aid forms. The real question is, should you?
According to the Dept Of Education, ?The FAFSA is completely FREE to submit. They are going to assert that if you need help filling it out, there are lots of free tools available to help. They also say that the number one place to look for help filling out your FAFSA is at the college financial aid office.?
But for the majority of you, I have to disagree
If you?ve already calculated your Expected Family Contribution (EFC) and you have determined that you are likely Unqualified for any ?need? based financial aid, than by all means go ahead and complete the financial aid forms yourself. There?s little you might possibly do to screw things up.
However if you do think you are eligible, than you many need to reconsider. It?s not that the questions are tricky to answer,it?s understanding what impact your answers will have on your real Expected Family Contribution (EFC) and of greater importance, ultimately what your out-of-pocket college costs will be. You have to know the financial aid formulas going on behind the scenes.
We often find parents have cost themselves thousands of dollars, unknowingly and unnecessarily in further out-of-pocket university costs, because they just didn?t understand how to play the ?game?. The College Financial Aid process is a game the colleges hope you never learn the way to play!
I know what you?re thinking, ?but the schools are non-profit?. PLEASE, are you actually that naive!? Going to the schools financial aid office would be the LAST place I?d go to for help! That will be like going to the IRS and having them complete your tax return for you!
If you don?t need to make any mistakes and most likely cost yourself thousands of dollars in extra out of pocket college costs or lost financial aid, you may need to check with a college advisor or college planner who?s acquainted with the financial aid formulas, and an expert at completing the financial aid forms.
William Lynch is an Author, Speaker, Coach and leading expert in the College Planning Industry.Did you know the easy way to complete all the college financial aid forms?
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