I was wondering if it would be wrong to submit the housing deposit for the schools I have been accepted to and then fill out out the fasfa with just the information I have of cash on hand and in checking and savings account. I am waiting to do the FASFA because there is a set date that Seniors at my school will do it, to get help from counselors.
If you are counting on financial aid to help pay for college why would you waste money putting down housing deposits at colleges you aren’t going to end up attending? Do you really want to blow your cash in that way?
There are more useful things to spend money on… pay next months cellphone bill, prepay your car insurance.
But why watch a housing deposit go down the drain?
Its refundable by May 1st, I am going to put the deposit down now because housing is on a first come first served basis
I dont have a choice #1 yet because I am waiting on to figure the cost for each school.
Why are you waiting to complete you FAFSA? It became available on October 1. Some types of federally funded need based aidmhave limited funds per college…like work study, SEOG and Perkins loans. The early bird catches the worm…if eligible.
You need to have all of your parent tax return information from 2016, plus the value of current assets. And yours as well.
Really, I can’t imagine sending that to school with my kids…and frankly, it’s none of the GC’s business about my family finances.
The FSA ID is not supposed to be given out to others, so your parents would need to be there when they do the FAFSA at school. Really, it’s not that difficult and there is help available from the FAFSA folks.
And I agree asset information is not the high school’s business. Unless you don’t have to list parent assets because they are lower than the asset protection amount.
I agree with you…but I will add…family income is also NOT the school’s business.
Yes, I was thinking of the DRT and that not much is shown now. But I guess the parent earned income would still be visibly listed.
The AGI when using the DRT is apparently in code!
But the student also has to list each parent income separately…and that is not taken from the tax return…because it’s not ON the tax return.
I’m surprised that a school is doing this! Plus…like I said…what are they waiting for? Some lower income kids might already have lost out on Work Study because others are in the queue already…and they are not. Ditto SEOG. These have limited funding per college.
They could just offer a step by step seminar or something.