The Free Application for Federal Student Aid (FAFSA®) form is the student’s responsibility, but when a student is considered a dependent student for FAFSA purposes, parents have a large role in the application process. Educate yourself about the process and opportunities so you can provide the guidance your child needs to do their part.
Each year, the U.S. Department of Education’s office of Federal Student Aid provides around $112 billion in federal student aid. But students may miss out. Our FY 2021 Annual Report found that only about 61% of high school students submitted the Free Application for Federal Student Aid (FAFSA®) form between October 2020 and September 2021. So, let’s bust myths!
Until Oct. 31, 2022, federal student loan borrowers can get credit for payments that previously didn’t qualify for Public Service Loan Forgiveness (PSLF) or Temporary Expanded Public Service Loan Forgiveness (TEPSLF).
If you get a total and permanent disability (TPD) discharge, you don’t have to repay your federal student loan(s) or complete your TEACH Grant service obligation. As of April 2022, around 401,000 borrowers have gotten $7.8 billion in loan forgiveness through TPD discharge. Check out these three ways to qualify.
Track your federal student aid during college or career school with these four tools. Stay in the know and make informed financial choices.
So you’ve submitted your Free Application for Federal Student Aid (FAFSA®) form and applied to schools. How do you know what to look for when they send you financial aid offers? Understanding how to interpret what you’re committing to could save you future surprises, not to mention thousands of dollars in payments. Here’s what you need to know.