I finished the CSS profile last night so the FAFSA should be easy. I ended up generating a fake tax return in my tax software package using end of the year numbers from statements and the last pay stub. I compared everything to the 2014 return too to make sure everything looked right since nothing has changed much this year except a bonus and liquidating a UTMA account. Iām sure Iām probably off by at least a few hundred dollars on income because the end of year didnāt sync up well with the last pay period. But itās done! I just need to pay a few bills next week and get the checking account down where it should be and Iāll be done.
We submitted FAFSA on Jan. 1. Got the emailed link to the SAR today. Interesting that the SAR included for each school we listed the grad rate, continuation rate (or something like that), and for some) transfer rate. Taken with a salt lick. Stats can be very misleading. Well, if you have the information needed to interpret the stats, itās all good. So, get the details.
I need to try to keep up with this thread more often - it moves fast!
It seems that yesterday there was talk of the GI Bill. @Carolinamom2boys you mentioned not being able to receive the benefits because your husband retired (with over 20) before 9/11. I feel your pain! My husband served in the military for 24 years and his retirement date (in 2009!) was 2 months before the date at which you had to be on active duty in order to transfer benefits. We thought we had come to grips with how upsetting that was when we first learned about it (too late to change anything.) But as weāre thisclose to paying for college for real, it hurts all over again!
I could really use some general guidance on FAFSA.
As far as I can tell, only one of Dās schools requires that FAFSA be submitted. So we will have to fill it out for sure. That school lists the deadline as being 2/1. Her college search was heavily based on the search for merit money and we do not anticipate receiving need-based aid from any of her schools. So, do we just go ahead and send it in for all of her schools anyway? And is there an urgency to getting it in?
@MostlyDolores I was told by FA representative, that the earlier the better because once funds are gone, theyāre gone. Our likelihood of receiving aid is minimal too, but to receive lower interest loans from the government it was necessary to complete the FAFSA. Iād send it to all schools just in case.
@dyiu13 My trade is institutional researcher. In my last job I was the person who reported those specific stats to the US Dep of Ed. It is not that they are misleading. There are very very specific instructions for reporting that ALL institutions have to use. Very specific formulas. Organizations cannot simply make their own numbers and use their own ideas for definitions. The problem is that the formulas and rules can be very hard to decipher for the schools, and the public is not aware of what is actually being reported. This means that what you are reading may not be what you think you are, because the requirements are so bizarreā¦For example graduation rates may not actually be counting some of the students in the school because the definition requires that only specific students be counted in those rates, not all students.
The fact that there is a special department in each college assigned this task indicates how crazy the collection and reporting of college data is. I had to receive special training to do it and I have an advanced degree. It shouldnāt be that hard!
We are in CA and my S has applied to few UCs and few private colleges. We are trying to get merit scholarships in private colleges and hence need to file CSS. We are not expecting any need based financial aid and also not planning to take any loan for college.
Our HS counselor and others keep on suggesting that even if we donāt qualify for need based FA, we should still submit FAFSA. What are the possible advantages for filing FAFSA ? We will prefer not to file it if we donāt have to.
Confessions of a College Research Junkie: I just spent my evening checking out Yelp reviews of anything near the colleges D has applied to. Did you know there is a beautiful cemetery near Case Western? Or the amazing variety of food trucks near Temple? Or that the most highly rated entity on Yelp near U of So Ca is a shoe repair place? Add to that some time spent on Reddit, which is like the underbelly of what students think of their college and each other. Top all this off with regular check-ins on each collegeās Facebook, Instagram, Twitter, and You Tube, and I may need a 12-step program when this is over.
LOL, @palm715, with both homeschooling and the college search coming to an end for me in May, Iām having to think about what will happen to my online life, which has been heavily education focused for a solid 15 years. I suppose there is always the photography forums.
@MostlyDolores, OUCH, that is an exceptionally painful GI Bill story
Re: FAFSA, I think itās worth filing just in case you end up deciding your student should take a small loan for whatever reason. We did not initially think that D13 would take a loan, but in the end itās been useful. Otherwise, we donāt qualify for muchā¦with the exception being if D16 goes the more-generous Ivy route.