Paying for College

Dark blue folder with FAFSA Free Application for Federal Student Aid on the front

Updated “preview” presentation now available for the current FAFSA

By Catherine Mueller At first, it seems a little unusual – receiving an update to a FAFSA preview presentation when the 2024-25 FAFSA was released almost 6 months ago. But, then again, this year has been anything but typical. In a June 12 update to an Electronic Announcement issued last year, the Department of Education said […]

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College planning flyer for parents updated

By Catherine Mueller With eyes bright, they are embarking on their maiden flight. This summer, soon-to-be fully fledged college students are descending on college campuses across the country to attend summer orientation. For incoming freshmen, it is a beginning. But for many parents, it’s part of a journey that began long ago. The first look into

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Computer keyboard with FAFSA button

Two FAFSA Simplification changes impacting financial aid offers

By Catherine Mueller Students across the country are now beginning to receive their long-awaited financial aid offers, and for some families those offers are not what they hoped for or what they expected. In previous years, students would have received financial aid offers much earlier in the year, but this year due to problems with the

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Brookings article recommends actions to minimize postsecondary enrollment declines caused by FAFSA problems

By Catherine Mueller Many have predicted the problems with the 2024-25 FAFSA will have an impact on college enrollment this fall. A new research article out this week, however, provides new analysis on FAFSA completion data, enrollment projections, and recommended actions. A May 7 article, written by Katharine Meyer and published on the Brookings Institute website, suggests

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Interest rate information updated

By Beth Ziehmer New student loan borrowers will be facing higher interest rates starting July 1. To help students know the upcoming July 1 interest rates, Mapping Your Future staff recently updated several references to interest rates. The new rates were announced in a May 14 Electronic Announcement. Updates were completed on the: Contact the Mapping Your

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Computer keyboard with FAFSA button

Questions to determine who needs to contribute to a student’s FAFSA

By Catherine Mueller Even though a FAFSA belongs to a student, the student is usually not the only person with a role in completing it. To determine who, if anyone, should contribute to their FAFSA, a student should first determine if they are considered dependent or independent. The Department of Education provides a list of personal circumstances that

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Two new issues with student FAFSA data added to technical guide

By Catherine Mueller For those financial aid professionals tracking some of the known technical issues with the processing of student FAFSA records, another couple of updates were added to the list this week. The Department on May 22 added two alerts to the Technical FAQ and Known Issues Guide. The guide, which the Department says is “to

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Computer keyboard with FAFSA button

Accessing the 2024-25 FAFSA may be easier now for those without a Social Security number

By Catherine Mueller The gate restricting entry to the FAFSA for some students and their parents has been opened by the Department of Education. In an Electronic Announcement this week, the U.S. Department of Education said it would allow students, whose parents may not have a Social Security number, to immediately access the 2024-25 FAFSA online after creating

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Five facts everyone should know about parent student loans

By Catherine Mueller Saving for college can be tough. With costs of just about every living expense continuing to rise, setting aside money for a child’s education may have been challenging. Even if a family has managed to save some money, it may not be enough to cover all of a student’s college expenses. Parents who

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