<p>What happens if you miss the financial aid deadline of one of the colleges? Does one still send in the tax information?</p>
<p>Yes teufelhund09 ^^. Do send in the taxes and w-2 forms/ financial information. Most colleges ( at least for cornell, barnard, and wellesley) expect taxes to be somewhat late. So make sure to send them in. Even if they’re like a month late, they still want it.</p>
<p>I just found out something disturbing. FAFSA asks if parents have lost their jobs- classifying them as dislocated workers. Since I lost my job, I checked this box. But this is a new question and most colleges don’t look at it. I called FAFSA to check. Our aid packages were all coming in like we still had 2 incomes. This question is so new most schools don’t know what to do with it. Neither do the feds- or my state, New York. </p>
<p>I have had to write a letter on our situation, fill our special circumstances forms, estimate our income for 2009, send copies of my unemployment determination, and my taxes. And this is just to the colleges who were kind enough to reply. Some are not interested and tell me to wait until June. </p>
<p>Why does FAFSA ask about unemployment if they don’t intend to use the info? Or require the colleges to use it? Doesn’t make much sense…</p>
<p>I have so procrastinated/not had time to send out 2008/2007 tax returns, etc. When they say that they want the forms “signed,” what does that mean??? Please reply, thanks!</p>
<p>Ealgian…at the bottom of the tax return (either at the bottom of the 1040EZ or A…or at the bottom of the second page of the regular 1040) there is a place for the filers’ signatures. If you have filed electronically, you might not have taken a pen and signed your name. Hopefully you DID print out a copy for your records. Make a copy of the tax return(s) and SIGN them where it says “Sign Here”. Then copy and mail to the colleges.</p>
<p>Thanks! I have printed them out and will be mailing them. :)</p>
<p>I am a parent of a student graduating in 2010. When applying for Financial Aid do you have to submit copies of the tax returns with the application?</p>
<p>This is a helpful thread. :)</p>
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<p>You do NOT send your tax returns to FAFSA or to the College Board for Profile. Some schools, however, DO require tax returns as part of the financial application process…they would be sent to those schools.</p>
<p>You need to read EACH finaid website and you need to look at what EACH school requires. The schools will tell you what to submit and WHEN…please look at what you need and plan to have it all ready well before the deadlines. Don’t miss the deadlines.</p>
<p>8 tuition-free colleges. :)</p>
<p>[mental_floss</a> Blog 8 Tuition-Free Colleges](<a href=“6 Tuition-Free Colleges | Mental Floss”>6 Tuition-Free Colleges | Mental Floss)</p>
<p>Hi, I have an inquiry 
I’m intending to apply Early Decision this year and I’m also asking for FInaid
Since ED is a bond admission, if one gets in, he has to attend that school.
But what if the ED school admits me but does not meet my demonstrated need? In that case can I break the bond?</p>
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</p>
<p>This has been discussed ad nauseum. When you apply ED, you are agreeing to take the acceptance WITH the financial aid the school computes to meet your need…which quite frankly might NOT be what YOU think you need. </p>
<p>If financial aid is a significant concern…do NOT apply ED. Apply to a variety of schools EA, and RD so that you can compare financial aid packages. You can NOT do so if you get an ED acceptance which IS binding…and you are required to withdraw all other applications.</p>
<p>Also…I would suggest you post your question as a separate thread as it will get more responses.</p>
<p>What are some ways to get more financial aids? Specifically, my dd has been accepted to MIT and other top schools but will not get much financial aids ($8000 in loan and $1500 in workstudy program from MIT with EFC of $43000). My husband and I both work and our income is about $140K. We own modest home almost paid off and own 2 cars fully paid(2000, 2003 with high mileages). We do not have any loans other than home mortgage. We are very frugal and have some savings in stocks and bonds($140K). I don’t feel our income is such high level that our EFC should be $43000, so I am assuming that our savings big factor in determining EFC.</p>
<p>Does anyone know how colleges determine EFC? I feel cheated because we were frugal and have savings that colleges are not going to give us much financial aids. I feel like going on shopping spree and go on vacations (we haven’t gone many vacations) and spend money so that our savings will be much lower.</p>
<p>Can anyone give me some ideas on ways to get more financial aids from colleges where financial aids is only need-based?</p>
<p>Thanks</p>
<p>Thank you very much Dadofsam for the information.</p>
<p>boisepark: You would also probably benefit from a separate thread, so other posters can suggest ways to legally structure your assets and give you the benefit of their actual experiences with these schools.</p>
<p>If the 140K is in retirement accounts, for example, the Profile schools probably would not count it as much (or at all for FAFSA). You don’t say what your home equity amount is, modest means different things in different locations, but that could be a factor for Profile schools but it’s difficult to say because they use their own methodology. Finally, your income alone would likely produce an EFC over any federal/state need-based limits, unless you have alot of dependents or pre-AGI adjustments, and MIT’s income limit for free tuition is $75K, right? </p>
<p>I’d also recommend a book called “Paying for College Without Going Broke”, also some strategies here:
[FinAid</a> | Financial Aid Applications | Maximizing Your Aid Eligibility](<a href=“Your Guide for College Financial Aid - Finaid”>Maximizing Your Aid Eligibility - Finaid)</p>
<p>My d will be going to college after she graduates in 2010. And we will certainly need financial aid. I was considering going back to college to finish a degree but only go part time and was wondering if I could also apply for the FAFSA as well. And if I did will it count against my d’s financial need. I am planning to go to a Community College and she is planning an out-of-state University.</p>
<p>Yes you can apply for financial aid through FAFSA. I am back in school and do get financial aid. You are eligible for the same federal aid a traditional student with the same EFC would be eligible for.</p>
<p>Your getting aid should have no impact on your daughter’s need. Certainly not as far as federal aid anyway. Also if she is in school at the same time as you, you can list her as a member of household in college on your FAFSA which would reduce your EFC. She, however, cannot list a parent on her FAFSA as a member of household in school.</p>
<p>Hello everyone, this is my first post. My son just graduated last week. Thank you for that wonderful list. It will be most helpful.</p>
<p>good, thanks</p>
<p>Question: My son lived with his dad from his sophomore year until the start of his senior year (aug 08). I have always had legal custody and claimed on taxes, but he chose to live with his dad. They had a falling out and he moved back with me for the 4 months left of that year. HOwever, when Jan came and we were rushed to fill out the fafsa, he still wasn’t speaking with his dad and since I didn’t have his financial information, we filled out the fafsa with my info since he was living with me at the time. HOWEVER–his dad provided his support and he would have qualified for aid had they filled it out. Now his dad and stepmom are willing to file for him but --IS IT TOO LATE to make that change? I figured it was better that at least I filled it out, even though he wouldn’t receive any aid. THe schools all pushed us to get it filled out. So , what can we do if anything?</p>