Why the new FAFSA? It's a great question. The new FAFSA will launch three months earlier than it used to in the past. It now opens October 1st, 2016 for class of 2017.
High school seniors are applying for financial aid a full year before their first year of college. It also means that they will be dealing with financial aid forms at the same time as admission applications. Plus, the new FAFSA is based off of prior-prior-year tax information, meaning that class of 2017’s financial aid forms will be asking for 2015 tax year numbers. What does this mean for you?
It means that you must plan early! Parents of students who are in the class of 2018, now is the time to make financial decisions that will affect your students financial aid awards.
Keep in mind, the FAFSA is only one part of the financial aid process. To ensure the best outcome financially and academically, you need a comprehensive plan for college. Getting professional help can save you stress, time, and money!
High school seniors are applying for financial aid a full year before their first year of college. It also means that they will be dealing with financial aid forms at the same time as admission applications. Plus, the new FAFSA is based off of prior-prior-year tax information, meaning that class of 2017’s financial aid forms will be asking for 2015 tax year numbers. What does this mean for you?
It means that you must plan early! Parents of students who are in the class of 2018, now is the time to make financial decisions that will affect your students financial aid awards.
Keep in mind, the FAFSA is only one part of the financial aid process. To ensure the best outcome financially and academically, you need a comprehensive plan for college. Getting professional help can save you stress, time, and money!