You’d love for your son to get loads of free money financial aid to help him pay for college, but you’re pretty sure he won’t qualify for much. Your family lives comfortably, after all. You aren’t poor.
You wonder if filling out financial aid forms is even worth your time.
Seven Reasons Filling Out the FAFSA Is Well Worth Your Time.
1. You can have a high income and still qualify for help.
You make over $200,000 per year and have significant assets? Your kid can still get free “gift aid” money to help pay for college. I’m talking about free money that need never be paid back.
Because this is true, plan to fill out the FAFSA form every October 1st that you’ll have a kid in college the following fall. Put this October date on your calendar now, so you can put your kid(s) first in line for all the financial aid money they have coming.
2. The FAFSA isn’t just about getting PELL grants.
Filling out the FAFSA puts your child in line for nine separate federal student aid programs, over 600 state aid programs, and most of the college-based (institutional) aid available in the United States.
Every year, people who were sure they were too well-off to qualify for any kind of aid are stunned to see what kind of generous help they actually qualify for at some colleges.
3. The FAFSA considers many more factors than just your income.
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