The new FAFSA will be available in December 2023, will require each contributor to complete their own section, will require an FSA ID to be created ahead of time, will use new terminology, and more.…
By Meredith Clement    |
Learn about the SAI, a calculated number based on the data that a family inputs into the FAFSA and a calculation set by Congress that is designed to represent the family's financial strength and their ability to pay for college. The SAI replaces the formerly used Expected Family Contribution (EFC).…
By Meredith Clement    |
Learn about the CSS Profile, a financial aid application used by roughly 200 colleges, universities, and scholarship agencies to determine eligibility for institutional financial aid funds, including what colleges require it, why colleges use it, how it differs from the FAFSA, and the cost. …
By Meredith Clement    |
Whether a parent is working or retired, the college calculates the parent(s)' total income and uses that figure in the standard financial aid formula to determine how much they believe the family can contribute toward college costs.…
By Meredith Clement    |
Factors that determine financial aid include the EFC, financial aid eligibility, a school's prerogative, and the college's strategic goals. …
By Meredith Clement    |
We answer common questions about appealing, including if you need a specific reason to appeal, how the process works, if it ever hurts to appeal, if you can submit multiple appeals, and more. …
By Meredith Clement    |
Learn about the College Cost and Financial Aid Eligibility Information Tool, located in the MASSAid Portal, that helps new financial aid filers learn their aid eligibility. Learn how to access the tool, tool features, and which aid eligibility is included.…
By Meredith Clement    |
Learn how to list schools on your FAFSA, if colleges can see the other schools you have listed, how the ordering may affect your MassGrant, and why students in Massachusetts and seven additional states may want to list their top-choice in-state school first.…
By Shannon Vasconcelos    |
Learn if you report these items on the FAFSA, including a multi-family unit, unemployment, cars, boats, credit card debt, life insurance, Roth IRA contributions and withdrawals, pension distributions, workers compensation, inheritance, insurance settlements, and more. …
By Lauren Danz    |
Review our tips on creating an account, completing the form, making corrections, listing colleges, filing the form as an undocumented student, filing the form with multiple children, and reporting items such as retirement, home value, home debt, and 529 accounts. …
By Meredith Clement    |