IMPORTANT FINANCIAL AID INFORMATION!!!

The Free Application for Federal Student Aid (FAFSA) is  available for students and parents to complete typically beginning on October 1st. As you may know, the 2024/25 FAFSA is being updated and will not be available to file until December this year only.  See more at https://studentaid.gov/announcements-events/december-fafsa.  

Whether you are planning on attending a two or four year college you should complete the FAFSA so that the financial aid department at the colleges can work on your financial aid packet. Programs, presented by the Higher Education Student Assistance Authority (HESAA), will assist parents and students in understanding the different types of college financial aid programs, as well as the process for applying for financial aid.  In addition to this information session, students and parents may learn about the FAFSA filing process with a presentation by Mr. Ed Zamora.

Please see the attached links to help you through this process.

The 2024/25 FAFSA opened recently: https://studentaid.gov/h/apply-for-aid/fafsa and https://thecollegefinanciallady.com/2023/12/31/filing-the-fafsa-see-this-first/.

FAFSA Simplification: https://inside.southernct.edu/onestop/financial-aid/fafsa-simplification

New News:

Oversight with New FAFSA:

https://www.insidehighered.com/news/quick-takes/2023/12/05/calculation-oversight-besets-new-fafsa-form-ahead-launch

Ready for the FAFSA?

https://thecollegefinanciallady.com/2023/12/14/get-ready-the-fafsa-is-coming/

FAFSA Bulletin:

https://brandassets.principal.com/m/10226375f327b2bc/original/FAFSA-Bulletin-12-23.pdf

Finding the College Financial Fit:

https://www.forbes.com/sites/robertfarrington/2023/12/20/how-to-assess-college-financial-fit-and-borrow-less-for-school/?sh=4bd7b4785657

Poor College Housing Quality:

https://www.thenation.com/article/society/college-dorm-costs-quality-housing-crisis/

ED Forgives $4.8 Billion Student Loan Debt:

https://www.nasfaa.org/news-item/32297/ED_Forgives_4_8_Billion_in_Student_Loan_Debt_for_Over_80_000_Borrowers

Legacy Admissions at the Elites:

https://www.theatlantic.com/ideas/archive/2023/12/legacy-admissions-inequality-elite-colleges/676233/

529 Funds Can now be Transferred into A Roth IRA:

https://www.collegeaccess529.com/articles/new-federal-tax-law-enhances-529-plan-benefits?type=financial

Older News:

529 Money Can Pay For…

https://www.savingforcollege.com/article/what-you-can-pay-for-with-a-529-plan?utm_source=mailchimp&utm_campaign=sfc_consumer_2023_07-05&utm_medium=email

College Planning Essentials Guide:

https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/brochure/529-cpe.pdf

Future FAFSA Changes:

https://thecollegefinanciallady.com/2022/11/03/fafsa-simplification-what-do-you-need-to-do/

Recommended Reading: https://www.amazon.com/How-Pay-College-financial-education/dp/0857199293/ and https://www.amazon.com/Money-Your-Twenties-Getting-Started/dp/0578610582