The 8 Biggest Financial Mistakes Made On The Fafsa Form -That Cost You Money - Fafsa Errors

If you'd like to help us continue producing videos feel free to help us out by give what ever you like through: Venmo - @PrincipiaPrep Or Buy Me A Coffee - https://www.buymeacoffee.com/PrincipiaPrep This video is about the "The 8 Biggest Financial Mistakes Made On The Fafsa Form - College Financial Aid ". To make sure to maximize your college grants, student loans and work-study make sure to avoid these common Fafsa financial mistakes. FAFSA (Free Application for Federal Student Aid). Before each year of college, apply for federal grants, work-study, and loans with the Free Application for Federal Student Aid (FAFSA®) form. Your college uses your FAFSA data to determine your federal aid eligibility. Many states and colleges use FAFSA data to award their own aid. After submission, you’ll receive your Student Aid Report. The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid. Your Expected Family Contribution (EFC) is an index number used to determine your eligibility for federal student financial aid. ... Your EFC is calculated according to a formula established by law and considers your family's taxed and untaxed income, assets, and benefits (such as unemployment or Social Security). To determine your household size, include yourself (and if married, your spouse); the number of children (even if they don’t live with you) who will receive more than half of their support from you (and if married, your spouse) between July 1, 2020, and June 30, 2021. You may include any unborn children if they’ll be born during the award year; and the number of people (not your children or spouse) who live with you and receive more than half of their support from you, and will continue to receive more than half of their support from you between July 1, 2020, and June 30, 2021. The FAFSA is different than CSS Profile, which is also required by some colleges (primarily private ones). The CSS is a fee-based product of the College Board (a private non-profit organization) and is usually used by the colleges to distribute their own institutional funding rather than federal or state funding.Students who are military veterans and active duty service members may apply for financial aid by filing a FAFSA even if they also apply for education and housing benefits offered by the Post-9/11 G.I. Bill and its accompanying Yellow Ribbon program. The amount of military aid a student receives for a college education does not defer eligibility or reduce the amount of student aid that student could receive from the four federal grant programs – Pell, SMART, FSEOG, and TEACH – and many of the state student aid programs. Other videos to check out here: Additional Videos to view: The Introductory Video For The James Russo Memorial Scholarship - Scholarships 2021/2022 https://youtu.be/CVboff9epLw Understanding College Cost. How Expected Family Calculators (EFC) and Net Price Calculators Work https://youtu.be/Dqwv7iri-7k Student Loan Forgiveness & What's Likely To Happen - Biden Loan Forgiveness & Student Loan Debt https://youtu.be/kgBAmws6xeM College Covid Vaccine Requirements The Good, The Bad & What To Expect If you get the Vaccine or not https://youtu.be/F0AgWSVpadM Choosing Student loans based on your Credit Score - TransUnion, Equifax, and Experian https://youtu.be/a1iNHkY8mWA Student College Loan Declined? You Have Options. https://youtu.be/nIbznxfrpPY Step-by-Step Guide to Master Promissory Note & Entrance Counseling forms for the Fafsa student loans https://youtu.be/sqMJ3GaIpgM Living on Campus or Commuting to College - Comparing the Good and Bad of Both and the Cost https://youtu.be/kJz0_mWN1wc Establishing In-State Residency for Out of State Colleges - The Benefits and the Process https://youtu.be/7HUGmIvF_ew College Multi-Year Student Loans Vs Single Year Student Loans - know the difference & which is best https://youtu.be/QAoasvT-JFw 10 Ways to Show Demonstrated Interest to improve your College Admissions https://youtu.be/W452QpjFxj0 Reasons to hire a College Advisor https://youtu.be/AqpYrI7ZzOk Take Gap Year leap or head off to College? https://youtu.be/jENCXL-Ue_Y If you need help with the college process please fee free to contact us at info@principiaprep.com or call at 908-400-1363. #College #Financialaid #highschool

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