How to Fill Out the FAFSA® Form When You Have More Than One Child in College

Having one child who is heading to college can be stressful, but having to help multiple children at the same time can feel like too much to manage. While I can’t save you from a forgotten application deadline or the “how to do your own laundry” lessons, hopefully, I can help make the financial aid part of the process run more smoothly with these tips:

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The Parent’s Guide to Filling Out the FAFSA® Form

While the Free Application for Federal Student Aid (FAFSA®) form is the student’s application, we know that parents often play a large role in the process. After all, students who are considered dependent have to provide parental information on the FAFSA form anyway and must have a parent sign it. While we recommend that the student start his or her own FAFSA form, we know that’s not always what happens. With that in mind, we wanted to provide instructions for parents who are starting the FAFSA form on behalf of their child so you can avoid running into issues completing the form.

If you are a parent completing the FAFSA form for your child, follow these 8 steps:

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3 Types of FAFSA® Deadlines You Should Pay Attention To

Ah, deadlines. The sworn enemy of students across the nation. When you’re busy with classes, extracurricular activities, and a social life in whatever time you’ve got left, it’s easy to lose track and let due dates start whooshing by. All of a sudden, your 10-page term paper is due in an hour, and you’re only on page 5 (with the help of 26-point type and triple line spacing). We get it.

Nevertheless, we’re here to point out a few critical deadlines that you really shouldn’t miss: those to do with the Free Application for Federal Student Aid (FAFSA®) form. By submitting your FAFSA form late, you might be forfeiting big money that can help you pay for college.

 

Here are those three deadlines:

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How to Fill Out the FAFSA When You Have More Than One Child in College

Got 2 or more kids attending college

Having one child who is heading to college can be stressful, but having to help multiple children at the same time can feel like too much to manage. While I can’t save you from a forgotten application deadline or the “how to do your own laundry” lessons, hopefully, I can help make the financial aid part of the process run more smoothly with these tips:

How many FSA IDs will my children and I need? How many FAFSAs do we have to complete?

An FSA ID is a username and password combination that serves as your legal electronic signature throughout the financial aid process—from the first time your children fill out the Free Application for Federal Student Aid ( FAFSA®) until the time their loans are paid off. You AND each of your children will need your own FSA ID. Parents and students can create their FSA IDs here.

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5 Financial Aid Tips for Parents (from a Parent)

Financial Aid Tips for Parents

Happy New (School) Year! The beginning of the school year is always an exciting time in our home. For my kids, it’s the anticipation of going back to school, making new friends, and the start of soccer! For my husband and me, it’s the joy of getting back to a routine.

This year is slightly different.  Our daughter, Sahana, started her senior year in high school.  Over the summer, we had fun visiting schools.  During school presentations, we learned about academics, clubs, and traditions.  The one thing we did not hear a lot about was the cost of each college and the financial aid options available.  Yes, they usually did say to fill out the FAFSA® (Free Application for Federal Student Aid), but no one explained why we should fill out the FAFSA or the steps needed to secure financial aid.

As Sahana embarks on her journey to college this fall, we will also be focusing on how to pay for college.

As an employee at Federal Student Aid (FSA), I feel like I know a bit more about the federal financial aid process than the average parent does.  Nevertheless, even after working at FSA for five years, it is such a different experience when you’re the one going through the FAFSA process for the first time.  As I was creating a checklist for us, I thought it would be helpful to share it with other parents going through the same journey. 

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10 Myths About the FAFSA and Applying for Financial Aid

10 Myths

There’s so much information available about financial aid for college that it can be hard to tell the facts from fiction.  We’ve got you covered!   Here are some common myths about financial aid and the Free Application for Federal Student Aid (FAFSA®)—and we’ll give you the real scoop.

 

MYTH 1: My parents make too much money, so I won’t qualify for any aid.

FACT: The reality is there’s no income cut-off to qualify for federal student aid. It doesn’t matter if you have a low or high income, you will still qualify for some type of financial aid, including low-interest student loans. Many factors besides income—such as your family size and your year in school—are taken into account. Your eligibility is determined by a mathematical formula, not by your parents’ income alone.

TIP: When you fill out the FAFSA, you’re also automatically applying for funds from your state, and possibly from your school as well. In fact, some schools won’t even consider you for any of their scholarships (including academic scholarships) until you’ve submitted a FAFSA. Don’t make assumptions about what you’ll get—fill out the application and find out!

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3 Types of FAFSA Deadlines You Should Pay Attention To

fafsa-deadlines

Ah, deadlines. The sworn enemy of students across the nation. When you’re busy with classes, extracurricular activities, and a social life in whatever time you’ve got left, it’s easy to lose track and let due dates start whooshing by. All of a sudden, your U.S. history paper is due at midnight, and you still don’t know Madison from a minuteman. We get it.

Nevertheless, we’re here to point out a few critical deadlines that you really shouldn’t miss: those to do with the Free Application for Federal Student Aid (FAFSA®). By submitting your FAFSA late, you might be forfeiting big money that can help you pay for college. Luckily for you, you’ve got just three types of deadlines to stay on top of. Now if only your Founding Father flashcards were that simple.

Here are those three deadlines:


1. The College Deadline

The first type of deadline comes from colleges themselves, and—spoiler alert—it’s typically pretty early. These deadlines vary from school to school, but they usually come well before the academic year starts. If you’re applying to multiple colleges, be sure to look up each school’s FAFSA deadline and apply by the earliest one.

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4 Things You Should Know After Filing Your FAFSA

after-the-fafsa

Congratulations! You submitted your 2017–18 Free Application for Federal Student Aid (FAFSA®)! Wondering what happens next? Here are a few things to look out for:

1. Your FAFSA confirmation page is not your financial aid award.

After you complete the FAFSA online and click “SUBMIT,” you’ll see a confirmation page like the one below. This is not your award package. You’ll get that separately from the school(s) you apply to and get into. Your school(s) calculate your aid.

2017-18 Confirmation Page Highlighted

 

The confirmation page provides federal aid estimates based on the information you provided on your FAFSA. It’s important to know that these figures are truly estimates and assume the information you provided on the FAFSA is correct. To calculate the actual amount of aid you’re eligible for, your school will take into account other factors, such as the cost to attend the school. Additionally, these estimates only take into account federal aid and not outside scholarships or state and institutional financial assistance you may also be eligible for.

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11 Common FAFSA Mistakes

common-fafsa-mistakes

The 2017–18 FAFSA® is now available! This year, the FAFSA launched 3 months earlier than usual—on October 1, 2016.

Beginning this year, you’ll also be required to use earlier (2015) tax information than in previous years. How does that benefit you? Since you’ve already filed your 2015 taxes, you’ll be able to fill out your FAFSA right away without having to estimate your financial information! (And you won’t need to update your FAFSA after you file 2016 taxes.)

Start the FAFSA button

These exciting changes are sure to save you time and make the FAFSA much easier to complete. Just make sure to take your time so you don’t make one of these mistakes:


1. Not Completing the FAFSA

I hear all kinds of reasons: “The FAFSA is too hard,” “It takes too long to complete,” I never qualify anyway, so why does it matter?” It does matter. The FAFSA is not just the application for federal grants such as the Pell Grant. It’s also the application for work-study funds, low-interest federal student loans, and even scholarships and grants offered by your state, school, or private organization. If you don’t complete the FAFSA, you could lose out on thousands of dollars to help you pay for college. The FAFSA takes little time to complete, and there is help provided throughout the application. Oh, and contrary to popular belief, there is no income cut-off when it comes to federal student aid.

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