If you need financial aid to help you pay for college, you must complete the Free Application for Federal Student Aid (FAFSA®) form. The 2021–22 FAFSA form will be available on Oct. 1, 2020. You should fill it out as soon as possible on or after Oct. 1 at the official government site, fafsa.gov.
Whether you’re currently in college for a few years or have recently returned to college, we understand this is a time of uncertainty. You may be wondering how the impact of the COVID-19 emergency affects your federal financial aid. Below, we’ve outlined flexibilities that are available to students during this time.
On Aug. 8, 2020, President Trump extended the 0% student loan interest rate and suspension of payments on federal student loans owned by the Department of Education (ED) until Dec. 31, 2020. These relief measures began on March 13, 2020, and below you’ll find a recap of the resulting repayment flexibilities for student loan borrowers and relevant considerations.
For many students and their families, getting a higher education means getting federal student loans. To help you decide how much to borrow and understand what repayment would look like, the U.S. Department of Education’s office of Federal Student Aid provides a loan calculator called Loan Simulator.
By: Chief Operating Officer Mark Brown, Federal Student Aid
Summer is here, and I’m sure that for many of you, summer doesn’t look quite the same as it has in the past. The COVID-19 emergency has led all of us to change our day-to-day lives in order to stay healthy, and I hope that you’ve been able to weather this storm and are looking for ways to safely enjoy this time of year.
Student loans, interest payments, and taxes: three things that have scared many people for years now. Read on to learn how these things can benefit you.
The first thing people say when they find out where I work: “Can you delete my student loans for me?” If only I had that power. Just like many of you, I am a student loan borrower. Each month, my federal student loan servicer, withdraws my $381.35 student loan payment from my bank account and I still cringe every time. (Do you know how many trips I could take with that money?) Point is, I understand what you’re going through.
Having one child who is heading to college can be stressful but having to help multiple children at the same time can feel overwhelming. Here are the answers to some frequently asked questions about filling out the FAFSA form when you have more than one child in college:
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: