As FAFSA changes, so does your financial aid strategy
Friday, June 26th, 2009Dear Babs,
I heard all this noise about how the FAFSA has changed. Is it really going to be much easier? What should I know about it? How will it affect how my daughter applies for financial aid?
-Father asking for some advice
—
Dear FAFSA,
For those of you readers who don’t know, the FAFSA has announced changes to its forms in order to make it easier and more accessible to those in need of Financial Aid. Most significantly, the FAFSA will be cut down from 30 pages to 10. This drastic cut will definitely make filling it out much less time consuming, and less like your 2nd taxes. In addition, students will be able to save the FAFSA form without filling out their parent’s information. Although this info is still required, it will make it easier for students to complete what they can while they wait on their parents to provide them with their financial information.
So what does this mean for you? Well, it basically means 2/3 of this laborious task is no more. The process will be more automated and web-friendly, and more closely compatible to your tax forms. So take a happy sigh of relief, and figure out what to do with 2/3 of the time you WOULD have spent scrambling for obscure financial data. Perhaps a movie?
Good Luck!
-Babs


















