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Archive for January 17th, 2009

Weekly College Planning

January 17th, 2009 by Krayton M Davis | No Comments | Filed in College Planning
College Planning Tips for the Week of:
Sunday January 18, 2009

Submitting the FAFSA Form

The US Department of Education’s FAFSA form will be required for all Federal Aid Programs and many scholarships. It is used by colleges to determine your financial aid eligibility.

The FAFSA form uses a methodology to calculate the cost of education at the school you are attending and the expected family contribution towards that cost. Your school will use the form to award what financial assistance you may need.

Submit your FAFSA form as soon as possible. Don’t wait to hear whether you have been accepted or not by a college. You want the FAFSA form sent to the school so that they can assemble an award package as soon as you are accepted

All students requesting federal financial aid will be required to submit the FAFSA form beginning January 01 for the 2009-2010 acadamic year.

Preparing to Submit the FAFSA form:

  1. Register for a PIN
    so that you can sign your FAFSA form and other loan documents electronically. It will speed up the process:
    www.pin.ed.gov

  2. Start gathering the documentation needed to complete the FAFSA form:
    • social security number
    • driver’s license number (if any)
    • W-2 Forms and other records of money earned
    • income tax returns
    • parent’s federal income tax returns (if you are a dependent student)
    • untaxed income records
    • bank statements
    • business and investment mortgage information, business and farm records, stock, bond, and other investment records
    • alien registration card (if you are not a U.S. citizen)

      link to the FAFSA site to review required documentation

  3. Find your school codes:
    you will need this information so that your FAFSA filing can be sent to the schools of your choice. Again, the colleges use this information in designing a financial aid package to help pay the cost of college attendance.
    www.fafsa.ed.gov…/fslookup.htm

  4. View interactive worksheets:
    you can use these worksheets to help prepare for the real submission
    www.fafsa.ed.gov/worksheet.htm

  5. Register for Selective Service (male students):
    Young men that have reached age 18 must register with Selective Service before submitting the FAFSA form. This is required by law:
    www.sss.gov

 

Have you started your college planning process?

You need to move fast. Most college admission deadlines are due this month for the upcoming Fall semester. What you need to do:

  • selecting the type of career and studies
  • finding the right school
  • submitting your college application
  • analyzing college costs

    open up this quick guide of quick to-do’s: click
    here

More information available:


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