Which Colleges Are Still Taking Applications?

5 Cautions For You If Your Child is Headed to College in 1-3 Months

Ben and his parents sat up late at their dining room table, combing through all of Ben’s college financial aid numbers one more time. Ben’s dad ran his fingers nervously through his hair. The problem? It was already summer, and every college that had accepted Ben for the coming fall was requiring him to commit to loads of student loan debt in order to attend.

Colleges are still taking applications

“Is it too late to just try to go to a different college?” Ben asked. “I don’t know,” Ben’s dad said. “Are there any other colleges still taking applications?”

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Urgent Financial Aid Info For Parents

Includes a Warning for Anyone Who's Filled Out a FAFSA Form Since 2011

Will your child will be headed to college (or technical school) in the fall of 2017? If so, I have important financial aid information for you.

financial aid

1. If you haven’t done so already, it’s important that you fill out the FAFSA financial aid form right now.

You can make $200,000 and still qualify for help paying for college, but you need to apply now.

2. An important tool that the government provides to help you fill out the FAFSA form is currently off-line.

For the past five years, the federal government has provided a nifty tool designed to help parents fill out the FAFSA form faster and more accurately. It’s called the IRS Data Retrieval Tool (DRT for short). This tool allows those filling out the FAFSA form to click once and have all necessary financial information transferred from their tax returns to the appropriate spot on the FAFSA form — automatically.

Unfortunately, the IRS Data Retrieval Tool has been pulled off-line and will be unavailable for use until (we are told) October 1, 2017.

If you find an article online that says that the DRT will be back “in a couple of weeks,” that is outdated information. The current word is that it’ll be back on October 1, 2017.

3. This means that if you haven’t yet completed the FAFSA for your child who’ll be in college in the fall of 2017, you’ll have to enter your tax info in manually.

It’ll be a little more tedious, but please do it. Doing so now could save your child thousands of dollars in future college costs.

4. You’ll need your 2015 tax information in front of you when you do this. Here’s how to find that information:

A. You may have a printed copy of this tax information in your own personal files.

B. You may be able to get this information from the tax professional who filed your 2015 taxes for you, or from the tax software you used to prepare your 2015 taxes yourself.

C. You can view and download a summary of your 2015 tax form (properly called “a transcript”) at www.irs.gov/transcript. Just click on “Get Transcript Online.”

D. You can have the 2015 tax information you need mailed to you. Request it by going to www.irs.gov/transcript and clicking on “Get Transcript by Mail.”

D. You can also request that your 2015 tax information be mailed to you by calling the IRS during business hours at 1-800-908-9946.

5. Understand why the IRS Data Retrieval Tool was taken off-line.

According to NerdWallet and the New York Times, “The IRS…decided to temporarily suspend the Data Retrieval Tool (DRT) as a precautionary step following concerns that information from the tool could potentially be misused by identity thieves.”

6. If you have a child who is currently 19-24 years of age, and you filled out a FAFSA form for him or her in 2011, 2012, 2013, 2014, 2015, or 2016, you need to know this:

According to what the Department of Education and the IRS are telling us, there is a small chance that you may be the victim of tax-related identity theft.

According to the IRS:

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“Can I Take a Full Load of College Classes in High School and Still Have a Full ‘High School Experience’?”

Yes.

A 10th grader contacted me recently and asked me this great question about taking college classes in high school.

“Jeannie, I know that you strongly recommend dual enrollment college classes in high school for kids who want to get through college debt-free. I want to do dual enrollment full time in 11th and 12th grades so that I’ll have two years of college done by the time I graduate from high school. But my parents are trying to steer me toward doing dual enrollment only just part time. They’re worried that if I take a full load of dual enrollment college classes in high school, I’ll miss out on ‘the full high school experience.’ What do you think?”

My answer is below. college classes in high school

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Ordinary Students—Extraordinary Financial Aid

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 Financial Aid Forms 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.

financial aid

Subscribe to “email updates” on this site, and I’ll email you special strategies for getting the most possible money out of the FAFSA form, right when you need them.

(Use these instructions to “whitelist” me with your email provider, so I show up right in your primary email inbox once each week.)

2. The FAFSA isn’t just about getting PELL grants. 

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Morgan Stanley’s Alix Magner Buys 30 Copies of LAUNCH For Her Clients

Below, the Top 9 Questions Parents Are Asking Me About This Book

LAUNCH

To see a list of the top 9 questions parents are asking me about LAUNCH —along with detailed answers—scroll to the red print below. 

When Morgan Stanley’s Alix Magner calls you, you sit up a little straighter in your chair.

Alix is a high-powered, Stanford educated wealth management advisor who works with Minneapolis area families who have millions in assets—and families who are strategizing to get to that point.

When Alix told me that she’d read my book cover-to-cover and wanted to buy 30 copies for her clients, I jumped out of my chair.

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Buy LAUNCH Before 1/11/17 — Get Bonuses Worth $248

Today I’m announcing the extra bonuses your family will receive if you purchase LAUNCH by January 11, 2017.

LAUNCH

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URGENT Financial Aid Info For Parents of 10th Graders

Parents of Younger Kids, Read This So You Can Plan Ahead

Today I have urgent financial aid info for parents of 10th graders.

You need to know that on January 1, 2017, a team of photographers is going to show up at your house.

Not actual photographers, but that’s a good way to think of it.

Parents, they're about to take a photo of you.

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5 Things to Do With That Student Aid Report (SAR)

This article about the student aid report was originally posted here on October 24th, 2016. It was updated and reposted here on October 17th, 2018.

About 2–3 weeks after you fill out the FAFSA financial aid form for your college-bound high school senior or current college student, you’ll receive a Student Aid Report (SAR). One of the things this Student Aid Report will tell you is how much it is believed that your family can afford to pay for college. (Look for the line that says: “Estimated Family Contribution (EFC).”

student aid report

If you find yourself laughing or crying at how high this number is, you’re not alone. Millions of families feel shocked and stunned at the high Estimated Family Contribution (EFC) listed on their child’s student aid report.

My reassuring words to you? Don’t worry too much about this right now. If you’re following the step-by-step instructions in my book, you’re going to have many strategies you can use during the next year to bring these college costs way down.

(One mom reported in an Amazon review of my book that she only used 1/4 of the book‘s pages starting when her son was in 12th grade, and she still saved thousands on college costs. There’s hope for everyone!)

For now, here are five things to know about your child’s Student Aid Report.

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5 Places to Get Help With College Financial Aid Forms

Are you filling out financial aid forms for a kid who’ll be in college next fall? Great. The fall before he or she enters college is the perfect time to do that.

But what do you do if you get stuck? Where do you go to get help with college financial aid forms?

help with college financial aid

Here are five places to get help with college financial aid forms.

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Want More Scholarships? GPA Matters Less Than You Think.

You’d love for your college-bound teen to get more scholarships, but you worry that his GPA just isn’t high enough. Am I right? Well, worry no more.

Good news. There are thousands of college scholarships available to students with GPAs as low as 2.50.

I’ll give you tips for finding more scholarships to apply for at the end of this post.

The question for today is: Besides high grades, what can your college-bound teen do to make himself or herself a powerful, attention-getting applicant who will get more scholarships than most other people?

The answer might surprise you.

scholarships

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