help - another thread about fafsa info

<p>on the fafsa worksheet A, B, and C...if the corresponding lines that the worksheet tells you to look for on your 1040 are blank, what should you put, $0 or n/a</p>

<p>on the student finances section, do you put "will not file" or leave it blank if u dont have a job.</p>

<p>also, should i skip the student's asset section or do private schools require that i fill it out? i have no assets</p>

<p><a href="http://studentaid.ed.gov/students/publications/completing_fafsa/2007_2008/index.html%5B/url%5D"&gt;http://studentaid.ed.gov/students/publications/completing_fafsa/2007_2008/index.html&lt;/a&gt;&lt;/p>

<p>click on 'the application questions' top right. Will take you through each question. I found it quite helpful.</p>

<p>^ That is a great site! Wish I'd found it sooner!</p>

<p>thank you, i went to that website but i cant find the answer to question 21: the selective service question for males 18-25. if you are not 18 should you check yes anyway or your forms will not be processed?</p>

<p>according to the "paying for college without going broke" book, you can answer yes to this question if the student is already 18 but not yet 26 and has not yet registered. they have a note for potential conscientious objectors: by registering for the selective service, you are NOT expressing a willingness to serve. the first step in the process of achieving conscientious objector statusis to register. to receive federal aid, males 18 yrs and older are required to register.</p>

<p>blah123 - i can't find an answer to you question about how to answer this question if you are not yet 18. According to the FAFSA help site:</p>

<p>
[quote]
To receive federal student aid, if you are male between the ages of 18 and 25, you must be registered with Selective Service. Yes means you:</p>

<pre><code>* Are a male between 18 through 25 years of age, and
* Have not yet registered with Selective Service

[/quote]

</code></pre>

<p>so it does not seem you can answer yes if you are not yet 18. To be on the safe side I would suggest contacting FAFSA and asking.</p>

<p><a href="http://www.fafsa.ed.gov/contact.htm%5B/url%5D"&gt;http://www.fafsa.ed.gov/contact.htm&lt;/a&gt;&lt;/p>

<p>I was told that because it's for college aid for the year 2007 - 2008 , you should say yes esp. if you turn 18 before the beginning of the college year . </p>

<p>I was confused about what age to put for the OLDEST PARENT question . I think it should be listed for the age that the" oldest parent" will turn in 2007 ??</p>

<p>Or the age that "oldest parent" is on the day they filed ????</p>

<p>I assumed it was the age on Jan 1st or the day you fill the from out.</p>

<p>"I was told that because it's for college aid for the year 2007 - 2008 , you should say yes esp. if you turn 18 before the beginning of the college year . "</p>

<p>I remember from a college aid night that the speaker said to do the same thing. Do not remember why but it will not hurt you.</p>

<p>according to "paying for college withoutgoing broke"
..."You can answer yes for question only if the student is already 18 (but not yet 26) and has not yet registered. Since few students are just turning 18 when the FAFSA is completed, it is probably best to put a reminder in your calendar for your son to go to the post office and register the week he turns 18." My son will be 18 in March and I answered no to the question. He will register online in March at the Selective Service website.</p>

<p>Answer "yes" if your son is 17-- he'll automatically get registered, and your application won't be delayed.</p>

<p>We tried to follow the instructions carefully the first year and answered "no" because he was only 17. Somewhere down the road (don't recall exactly when-- I think it was when aid was ready to be disbursed) the whole aid process got hung up because he checked "no". They won't disburse unless it's been changed. He still wasn't 18-- but we changed to to "yes" and everything proceeded nicely.</p>

<p>So just check "yes" for a 17 year old son.</p>

<p>Age of parent question:
On the 2006-2007 FAFSA guide Table A5 Education Savings and Asset Protection Allowance, the age of the older parent is his/her age as of 12/31/2006, so I would assume for the 2007-2008 FAFSA, it would be their age as of 12/31/2007</p>

<p>csleslie - you are right - the table does say age as of 12/31/07. I would never have got that right. They really need to make it a bit clearer. I was also kind of horrified to see on that table how much the asset protection drops when there is only one parent.</p>

<p>Does anyone know why the rate allowances dropped from last year?</p>

<p>Good question.</p>

<p>another question regarding investments. we don't have any but we do have quite a few savings bonds. do i have to figure out and add up what they are all worth and report that as an investment???</p>

<p>Thanks for the tip of "oldest parent " question . In much appreciation , every year I age helps !! Ha, ha.</p>

<p>Savings Bonds : I think you can look up their value online at the Savings Bonds website . Remember that your college kid can cash them in her last year of college to help with expenses and there is a tax beneifit on the interest for it .</p>

<p>Cr*p I forgot all about the savings bonds as they don't mature for about 100 years</p>

<p>Here's more on Savings Bonds : <a href="http://talk.collegeconfidential.com/showthread.php?t=285102%5B/url%5D"&gt;http://talk.collegeconfidential.com/showthread.php?t=285102&lt;/a&gt;&lt;/p>

<p>I like a program called Savings Bond Wizard. It's free (i.e., a government benefit you already paid for) at <a href="http://www.treasurydirect.gov/indiv/tools/tools_savingsbondwizard.htm%5B/url%5D"&gt;http://www.treasurydirect.gov/indiv/tools/tools_savingsbondwizard.htm&lt;/a> You put in the basic info for each bond and it looks up the values and totals them. You can update it occasionally with the push of a button, and it remembers the data from last time so is easy.</p>