Students can now apply for federal financial aid sooner

 

 

Students can now apply for federal financial aid sooner

KENNESAW, Ga. (Aug 30, 2016) — Excerpt of Article: College students will be able to apply for federal financial aid three months earlier this year after changes to the application process moved the opening date to Oct. 1 instead of Jan. 1.

The Free Application for Federal Student Aid, FAFSA, determines a student’s financial aid eligibility based on family income, household size, financial assets, untaxed income and other factors.

Ron Day, Kennesaw State University’s financial aid director, said students will use tax data from the 2015 tax year to apply for aid for both the 2016-17 and the 2017-18 school years as a result of the date change.

“This is new and will enable students to file early and thus know their awards quicker – which should allow a better comparison from school to school,” Day said.

Day encouraged all students to complete a FAFSA form regardless of their situation.“All students are eligible for federal assistance regardless of family income,” Day said.

High school graduates failed to claim $2.7 billion in federal grant money because they did not complete or submit an application this past school year, according to a study from the website NerdWallet earlier this year.

In 2014, more than 1.4 million high school graduates did not apply for federal financial aid, according to NerdWallet. Each graduate missed out on an average of $1,861.Additionally, Day said families will have to share a more complete picture of their income when applying for financial aid this school year.

He said assets that parents previously did not have to report are no longer protected.When students are applying for federal financial aid, Day said the most common application mistakes are not completing the form, submitting wrong information and not starting early enough. He said students should only use fafsa.gov to apply to avoid scams.Students — and their parents — can find more information on most college and university websites as well as fafsa.gov and studentaid.gov.

By Mary Kate McGowan

Name of Publication:
The Marietta Daily Journal

Link to Article:
http://www.mdjonline.com/news/students-can-now-apply-for-federal-financial-aid-s...


 

A leader in innovative teaching and learning, Kennesaw State University offers more than 150 undergraduate, graduate and doctoral degrees to its more than 41,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia and the second-largest university in the state. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the region and from 126 countries across the globe. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status. For more information, visit kennesaw.edu

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