52 Pearls: Weekly Money Wisdom

Episode 86: Demystifying the FAFSA Form with Ann Garcia

October 19, 2021 Ann Garcia CFP Season 2 Episode 86
52 Pearls: Weekly Money Wisdom
Episode 86: Demystifying the FAFSA Form with Ann Garcia
Show Notes

In this episode Melissa Joy, CFP, ® and Ann Garcia, CFP®, a financial advisor and author of the popular College Financial Lady blog, discuss the FAFSA form and strategies to maximize financial aid and merit scholarships, find out how to qualify for tax credits and other benefits. If you have a student applying for college this is a must listen episode to help plan financially.

You will learn:         

  • What is considered a parent asset on the FAFSA?
  • How is the EFC formula calculated? 
  • Why the Net Price Calculator on every college website can help you narrow down options? 
  • How are the FAFSA and the CSS Profile difference?
  • Why every family of a college bound student should fill out the FAFSA even if you don’t think you will qualify for financial aid.
  • Why keeping student assets in Roth or 529plan can have a large impact on financial aid.
  • Why paying more in taxes in a FAFSA filing year can be beneficial. 
  • What is the best way for grandparents to gift money for college?
  • What changes are coming to the FAFSA in 2023 and how might that change your EFC?


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