What is College Financial Aid Series
Understanding how to qualify for financial aid requires knowledge of the financial decision timing. This presentation reviews the various parts of the financial aid timing that is needed to maximize your financial aid award. There are numerous parts of the college decision. The financial aid process has its own calendar and this may vary based on the schools you are considering or the method of applying to the colleges.
There are two major financial aid timing issues families will face. The best time for financial aid positioning is much earlier than you think. This is because the tax year and school year have a different start and finish date. The other major financial aid timing period is the actual application process. These deadlines will vary by the colleges you apply to, which methods each school uses, and your method of applying.
Another important issue facing parents is the timing of your tax preparation. This is especially true for entering freshman. Your tax information and the timing of updating your FAFSA form will determine the quality of information your get within your award letters.
If not done correctly, this will affect how much financial aid you will receive. This financial aid timing video will cover:
- Tax versus School Year
- Senior year financial aid calendar
- Importance of a family timeline
Knowing how the financial aid timing works will improve the possibility of more financial aid. If you need help with getting financial aid for college, please visit our Sources page. We can help you avoid common mistakes and maximize your tuition dollars.