Inside Higher Education published a great piece on understanding “financial aid speak” from college financial aid offices. To the average parent, it can feel like college financial aid representatives are speaking a whole different language.
Many prospective and current college students don’t realize that their income and assets are taken into account when they apply for financial aid, just like that of their parents. So should students be worried about earning too much money and receiving less financial aid if they have a job?
So you filled out the FAFSA–now what? Here’s an overview of what to expect. To summarize: 1. Within a few days of completing the FAFSA, you’ll receive your Student Aid Report (SAR). This will be a paper or electronic document listing your answers on the FAFSA. You can view your SAR online at fafsa.ed.gov using […]