You’ll have a better chance at receiving money for college if you avoid several common mistakes when filling out your Free Application for Federal Student Aid (FAFSA®) form, such as not completing it on time, not filling it out correctly, or forgetting to sign and submit, among others.
Parents completing the Free Application for Federal Student Aid (FAFSA®) form for the first time can follow eight simple steps to helping their children obtain federal student aid. These include creating an account ahead of time, filling out the demographics section, and listing financial information correctly, among others.
After all, students who are considered dependent must provide parental information on the FAFSA form and have a parent sign it. While we recommend that the student start his or her own FAFSA form, we know that’s not always what happens. Follow these instructions if you are starting the FAFSA form on behalf of your child to avoid running into issues completing the form.
There are four things you need to know about filling out the Free Application for Federal Student Aid (FAFSA®) form if you have more than one child in college: 1. You and each of your children need a StudentAid.gov account (FSA ID), 2. Each of your children will need to fill out a FAFSA form with parent information, 3. You must report the value of your education savings accounts for all children combined, and 4. Having multiple children in college can affect your Expected Family Contribution (EFC). Read on for more details. (more…)