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MEFA Blog

MEFA Blog

Keep up to date with the latest news about planning and financing a college education and preparing for your financial future, from experts here at MEFA and across the industry. Browse through our blog and use it as your very own college planning guide.

Understanding Your EFC
Topics include defining the EFC, the EFC formula, EFC location, and multiple EFCs.…
By Meredith Barnhart    |
Applying for Financial Aid FAQs
Learn how the process works for twins, which 529 plans to report, who should be the custodial parent, how to include special circumstances, and more. …
By Meredith Barnhart    |
What is the Effect of Retirement Savings on Financial Aid?
Retirement savings are not reported on the FAFSA, but they are reported on the CSS Profile, meaning they could potentially affect your financial aid award at certain schools. …
By Lauren Patten    |
Don't Miss These 10 Financial Aid FAQs
Topics include completing financial aid applications, getting an FSA ID, who requires the CSS Profile, applying for financial aid without a Social Security number, who should complete the financial aid applications, the affect of 529 accounts on financial aid, the financial aid timeline, EFC Calculators, and helpful websites. …
By Meredith Barnhart    |
What You Need to Complete Your Financial Aid Applications
Items needed include an FSA ID, a College Board username and password, a student's driver's license, a list of colleges where the student is applying, Social Security numbers, W-2 form(s), and untaxed income records. …
By Meredith Barnhart    |
Applying for Financial Aid with International Parents
If parents are U.S. citizens living abroad, they can still create an FSA ID, but will need to convert income and assets into U.S. dollars. If parents are not U.S. citizens, they will not be able to create an FSA ID and will need to print out the signature page and mail it to the address indicated. …
By Jonathan Hughes    |
Applying for Financial Aid When Parents Are Divorced
Learn how to file the FAFSA (where only the custodial parent will provide information), how to file the CSS Profile (where both custodial and noncustodial parents usually provide information), and what to do if the noncustodial parent is not available. …
By Julie Shields-Rutyna    |
Topics include financial aid applications, application deadlines, where to find information, merit-based aid, financial aid types, verification, and what happens after students apply…
By Ajea Stupart    |
Reporting Income on Financial Aid Applications
We speak with a Director of Student Financial Services to learn what income gets reported, what happens if income changes due to a job loss, how to report income if you're self-employed, and what happens if you withdraw funds from a retirement account. …
By Susan Beard    |
Defining Assets on Financial Aid Applications
Learn what assets you don't have to report on the FAFSA (primary home, retirement savings, life insurance, a small family business) as well as what assets you do have to report (savings and checking accounts, investments, other property owned), as well as details on what to report on the CSS Profile. …
By Jonathan Hughes    |
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