Watch your FAFSA Aid
I warn families every year to watch the award letter given to them by the school. This article proves that college and the computer programs they use do make mistakes! If you catch the mistake early enough, then you may be able to reverse the decision. In an earlier article I wrote about why you want to have your FAFSA Aid Form in early.
There is a formula
The college are using a formula to distribute the money. The formula starts with filling out the FAFSA Aid form. They take that information and then use it to give your family the aid package. Consider this, most large state colleges have 30,000 students and they have to process the FAFSA form each and every year your child is attending their college. Do you think there might a chance they could make a mistake on your family’s aid package. You bet. This article proves it.
The moral of the story here is watch the package they give you and compare it to their historical package to make sure no mistakes were made on your family! Each and every family I work with, I estimate for them the expected aid package from every university their child applies to. So when the official aid package does come in we can compare it against our expectation and if it’s off, we can appeal.
One other important note…..in the article, it says that some of the kids who’s grant was revoked actually did not qualify for it in the first place. So if you get a really fair package….don’t go and appeal it. They may realize they made a mistake in your favor and they can reverse it.
Let me know what you think about this post.
A computer error caused students who were not eligible for it to receive a state need grant, and now those students must find a way to pay for the balance.
Popularity: 1% [?]
Related posts:
- Applying early doesn’t help chances of receiving aid (TCU Daily Skiff)
- College financing: The FAFSA and how it will get easier to apply for financial aid
- Bank’s speaker provides financial aid advice to parents (The New Canaan News)
- College Admission Mistakes
- What To Do With Your College Financial Aid Letter
Loading ...