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5 Big FAFSA Updates That Will Impact Your Financial Aid This Year

CFAA College Financial Aid Advisors

This change is designed to improve accessibility for all students and reduce barriers to financial aid. Elimination of the Expected Family Contribution Perhaps the most significant change for students and families is the replacement of the Expected Family Contribution (EFC) with the Student Aid Index (SAI).

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Summertime Financial Aid Prep for Busy Students and Families

CFAA College Financial Aid Advisors

Gather key financial documents like tax returns and income statements, and make sure you and your parents each have an FSA ID for FAFSA access. It’s also a great time to research college-specific financial aid deadlines, as some schools require early action on forms like the CSS Profile. You can create that now!

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Stay Ahead This Summer: Smart Financial Aid Moves for Students and Families

CFAA College Financial Aid Advisors

Early preparation can mean better access to aid, as much of it is first come, first serve. Discuss who would pay for traveling home (if necessary), decide on how and who is going to pay back any student loans you’ll take, and if you’ll need to consider a job while you’re in school.

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How to Advocate for More Aid: A Student’s Guide to Appealing Financial Aid Offers

CFAA College Financial Aid Advisors

For students heading to college, there is an immense pressure that comes with managing academic responsibilities and trying to determine how to pay for school. For many, financial aid is crucial to making higher education accessible. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

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Data-Informed College Decisions: Students Deserve Clear, Consistent, and Complete Financial Aid Offers

IHEP Institute for Higher Education Policy

For example, financial aid offers, provided to students once admitted to a school, help students determine attendance costs, gift aid, work-study, and/or student loans available to cover those costs. Department of Education’s Federal Student Aid office. 2] [link]. [3] 4] [link]. [5]

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What You Need to Know Before You Borrow Student Loans

CFAA College Financial Aid Advisors

Borrowing student loans is a significant financial decision that can have long-lasting implications on your student’s future. While loans can help make higher education more accessible, it’s crucial to approach borrowing with careful consideration and awareness.

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How to Make College More Affordable: Why Early Financial Aid Planning Matters

CFAA College Financial Aid Advisors

For example, a student who receives a combination of grants and scholarships could end up paying only a fraction of the total tuition. By submitting the FAFSA early, you unlock access to federal grants that can lower costs right off the bat. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.