how to fill out the FAFSA and maximize aid (step-by-step guide)
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- čas přidán 17. 07. 2024
- FAFSA doesn't have to be as daunting as people make it out to be! I go through all of the materials and little tips you need to know while filling out the FAFSA to maximize the amount of federal aid you can get! While going through the different sections of FAFSA, I touch on financial aid points that could help you maximize the aid you get, either on the federal aid level or the institutional level.
As always, if you have any questions for me, comment them down below and I will do my best to help you out! 💛
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Timestamps:
00:00 hi all lets talk FAFSA!
00:43 what is FAFSA + pell grant
01:26 honest truth about federal aid
01:35 first come first serve
02:06 EVERYTHING you need for FAFSA (materials + tips) part 1
02:57 big FAFSA mistake - reportable/non-reportable assets
04:20 EVERYTHING you need for FAFSA (materials + tips) part 2
04:45 income mistake
05:13 I - Student Info
06:47 II - Student Financial Info
07:54 III - Student Status
08:52 IV - Parent Info
10:01 V - Student Household
10:51 VI - School Codes
11:48 Last Important Reminders!
12:21 FAFSA amendments
School Codes for FAFSA: finaid.org/fafsa/tiv/
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Welcome to my channel - College Tips From the Almost Astrophysicist! I'm Priya and I'm here to help you get into college. I'm a University of Chicago grad with an Astrophysics degree that currently works as a Data Scientist and I want to break down the college application process and tackle all of the misconceptions about college for you! Let me know in the comments section down below if you have any video requests, or just want to say hi! :)
LinkedIn: / priya-l-520311145
Instagram: / plingutla
hope this video helps!! 💛Good luck with your ~college~ journey and remember, financial literacy when it comes to college is important!! ✨
thanks 😍😍😍
I have a question my grandmother and I were doing the application and we submitted but didn't do the signature it wouldn't let us do it or we couldn't find the way to do the signature are we okay with the FASFA?
I just wanted to come in here, and say thank you
I was just excepted the Quest Bridge for class of “26 and your videos (especially the ones that you talk about essays) are a big reason as to why I was able to get in
Thank you
I'm so glad you were accepted!! That's AWESOME! Essays are definitely important and I'm sure yours were stellar! Good luck with the college application process and getting matched through questbridge!!
Not the video we wanted, but the video we needed-thank you
Of course!! Thanks so much for watching and good luck!! 😁😁
thanks a lot, you've been helping me understand so much
Super helpful! Thank you.
Ive been doing fafsa wrong my whole college career lol! I didnt realize you dont have to fill out the parents financial info if you are "independent" cause they would send me to that section anywyas so i thought i had to fill it out.... Welp... This is a big game changer for me!
Thank you for the information!
Hey Priya, I was wondering if you could ever make a video about the differences between UChicago and Northwestern, such as what kind of student which one is looking for, social scene, sports, and stuff like that.
Hello, I am doing the FAFSA 23-24 school year. I usually answer ‘No’ to the parent assests questions but I did not get an option of Yes or No this time. Instead I got “Does it exceed $0.00?” Did I not get the Yes or No option for assets because I used the tax data retrieval form for IRS instead of filling manually? So, I’m supposed to combine what my parents have in their checking account, their saving account, and all the cash is their wallet? Does that include how much money is in their debit card? Only my father works so do i only use his information?
What if your parents won't pay anything toward your college fund but you still live in their house and pay rent?
Dependency isn't about whether you live with your parents; it is based on your response to certain questions on the FAFSA.
You can only qualify as an independent student on the FAFSA if you are at least 24 years of age, married, on active duty in the U.S. Armed Forces, financially supporting dependent children, an orphan (both parents deceased), a ward of the court, or an emancipated minor.
Your dependent status also depends on whether your parents are claiming you as a dependent on their taxes
At least you're not on your own yet. I'm in the same situation but work 2 jobs to support myself, but because im not yet 24 for a few years, i dont get much aid. 😖
@@alasdairhicks6731 I was getting more aid before I was 24 because my mom stopped claiming me as a dependent. It changes based on how you file.
@@MystRis96 My parents do not claim me on their taxes so do I select Independent?
thank you very much!!!!!
What would you recommend a student going for MA program and not living with parents ?
Thank you so much for the video! I have a question, as an international student do I fill up the FAFSA or I should apply for each financial aid individually (given the fact that I'm applying for 5 different colleges)
Hi, I saw in a previous videos
that you've read many college essays.
I was wondering if you're still open to
doing this and if so, where can I submit my essay to have it read?
If, you are an adult going back to school with Adult kids in your household, do you include them as total house hold income?
Ur content is super helpful.love from India.
Can u make more videos of editing essays.
hello. thx for your video , it's Very helpful. Can you tell me the website for FAFSA to do the application ?
do you have plans on an updated fasca application. I understand there has been changed points to the Application process?
My question is what should I put when I am being asked « What will your college grade level be when you begin the 2022-2023 school year ?
Thank u for this Video
Hello there! Thank you for your information! Do I still need to provide my reportable assets (brokerage) if we (me and my parents) do NOT have it and we never had it before, what can we do in this situation? do we need to provide something instead of reportable assets (brokerage)?
What if I’m 23 now but I’ll be 24 for my freshmen year next year, would I be able to claim independent???
LITERALLY LIFE SAVER
So do we have pay it back if we qualify without a loan
Thank you.
Does work study affect your financial aid?
1. If I get a job right now in Summer 2022, would I have to report my income for this job when I fill out the fafsa 2023-24 form in October 2022 even though the form is based on our tax information from the year 2021?
2. And also, if someone has a job, do they still report their parents income along with theirs on the fafsa form?
1. i’m pretty sure you don’t if you didn’t work in 2021
2. if the person is a dependent, yes
Can a parent fill out the fasfa if they didn’t claim you?
Hey Priya, I was wondering how many words your essays were. I watched your videos, but I do not think you said how long they were
Hi, could you explain how to fill as an international student ?
Hello! Im an international student and I have a question about financial aid. Do I have to fill in my CSS profile or FAFSA? Im a bit confused. Thanks for your videos by the way! they are very useful!
Hi! It depends on the schools you're applying to - although international students don't qualify for federal aid, you can still certainly get a lot of institutional financial aid depending on the institutions you're applying to. They may have their own forms so it's school-specific for international students! For example, uchicago has it's own international student financial aid form and other supporting documents. So I'd recommend individually checking the financial aid section for international students for each college you're applying to!
Hey! Internation students are eligible to file TASFA, which is pretty similar to FAFSA
@@quynhphan6759 They are not eligible for TASFA. TASFA for state of Texas, and for students who are considered a Texas Resident from (state) House Bill 1403 or (state) Senate Bill 1528. It's only for students who are undocumented and graduated from a Texas high school, not international students. International students are required to show they can pay for college when getting their school visa. Some schools have something (like if they get a scholarship from the school), then they can pay in-state tuition. But it stands for Texas Application for State Financial Aid, so other states wouldn't be eligible for it.
what if you submit the summer before fall of same year is it too late
if you are retired can you still Apply for FASA?
Thanks for the detailed information. Just a quick question, my daughter is a US citizen, but we are not and we are living outside US. Are we eligible to apply FAFSA. Thanks
The daughter 100% can fill out the FAFSA. If you have tax returns then she can use it but if not or u don’t have a SSN then she should fill it out as independent
What if you live on your own, and your parents cannot/do not help with any bills or schooling?
Wait what if I don’t have a school email? I haven’t been in high school since 2017
I’m 28 years old and I’m finally going back to school my question is do have have to put in the income from my current jobs or all my jobs from filing my last income tax?
For the 2023-2024 fafsa, I submitted it on the second day of it being open😭
My parents are divorced and I live with mom. My father pays child support, should my mom include the amount of money she receives from my father for me as income?
I just watch your videos, I'm a parent who wants to go to school , I'm a full time mom and and don't have a work. I'm I be able to apply?
can i report my income for my child even if he was not included as a dependent? I only claim 1 child?
I am very new to looking into going to college. Do I need to apply for FAFSA prior to applying to school? :)
FAFSA is an application process that happens around the same time you apply to college! The deadline's much later though (you'd apply to colleges by September-December, FAFSA's deadline is June).
Which colleges give students Aid in Nevada and Virginia
Thank you
Very helpful video for Parents too... :-)
if i report my depends on fasfa will i get less aid?
I have an investment in Stock. Do I need to include it when I fill out the Financial Aid form?
Thanks
Yes
What if you don't have a job but your parents do? Will Fasfa still accept? I'm not sure what I'm doing...lol.
Useful vedio
If my daughter opens a Roth IRA to pay for college in her last year in theory it would not negatively affect her fafsa correct? I know you can withdraw without penalty from an ira but it is consider untaxable income in the fafsa so it is negatively affect in every year you fill out a fafsa.
im sayin how does my mom fill out her part??? im not understanding how to acess the income area
Hello I’m helping to a friend to fill out fasfa but she’s has DACA and it asking her to fix the part where it ask if you’re an eligible citizen. We put no but it’s telling us to fix this ?
Hey! I don't believe DACA students are eligible for federal financial aid but they are certainly eligible for institutional financial aid, and sometimes schools require you to complete the FAFSA form/a similar form specific to the school to use to determine how much institutional aid they qualify for. Here's a link that may help: studentaid.gov/sites/default/files/financial-aid-and-undocumented-students.pdf. I'm not sure why it's asking your to fix that part though if she already put in that she isn't an eligible citizen...
It seems to me that I'm not a dependant and yet they are still asking about my parents because race, ethnicity, and citizenship do matter not just financially, but socially for diversity purposes. We are not being employed so this isn't an equal opportunity employer application and even those which say they don't regard race still ask.
I start school May 6th and I have no income I just got put out a month ago and I'm homeless I'll be starting at Southern New Hampshire University I have no financial aid assistance yet it's going to cost $200 231,000 for me I have one estimated Grant grant for $18,876 and I haven't been able to apply for any more grants so how do I finish filing for more grants and financial aid
im confused because i only have my mom and me and we both dont know anything about forms and she is 70 so she isnt working our only source of income is social security
What if your parents have high income buh still needs to maxizimize your Fafsa aid
I go into that in the video about making sure you only report required assets. i.e. there are some retirement accounts/maybe some property they don't have to report
I honestly couldn't figure it out because my parents doesn't want the government to have their information and I don't see where it isn't asking me this set of questions. Idk. Thanks anyway!
Do parents need an FSA ID?
I am retired. Do I report my SS income? no , on pensions, but what about SS income? my daughter is going to college, not me.
What if you are the adult going to school,
so,fafsa is not for int students??
My son was living at home last year and when I filled fafsa for him he got nothing for school in January this last year he moved out and is on his own making a lot less than my wife and I and I would like to know should he fill out the fafsa this year as independent and living on his own to get the most out of his new fafsa and will he use his own income to maybe get some money for his Junior and senior year at college?
Can't fill it out as independent it has nothing to do with whether your parents support you or not
dont use school email bc if you transfer you could loose access
I had to wait till age 24+ to fill out fafsa without my parents. My parents didn’t want me in college.
Do you aply for FAFSA first or the school
FAFSA
@@almaeloiza8986 fafsa
Can you make this video for an adult
I'm an adult. Highschools teach fasfa to kids in their junior or senior year dude.
If you're over the age of 23 you can't be claimed on your parent's tax returns as a dependent.
It would be great if u can stuck to important points
darn...well...i could try the 23-24...but i think i am toast
🦁Thank you 🙏 🦥
I'm so late but first generation 😭
U my future wife oh and thanks for the video😊
L need financial aid plz iam a cancer patient😢😢😢
Far from step-by-step, the forms being shown were completely illegible.
This is not a step-by-step guide! Skip to the next video. This does not help
Not helpful at all
You're not telling how to fill out the form. Youre telling us the materials we need to gather. Hell it's complicated enough. We don't need more complications with this form