By: Chief Operating Officer Mark Brown, Federal Student Aid
At the U.S. Department of Education office of Federal Student Aid, we know this time of year may be different in a number of ways because of the COVID-19 emergency. Some of you may be using technology to learn and work remotely, while others have returned to campuses and workplaces for in-person instruction and essential or front-line jobs. Many of us are even rethinking how we’ll gather to celebrate Thanksgiving later this month. The COVID-19 emergency has certainly altered many aspects of our daily life.
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.
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:
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 March 13, 2020.
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.