To address your follow-up question about loan approval vs. disbursement: The FAFSA only asks about current assets at the time of filing. So if you have loan approval but the funds haven't been disbursed to your account yet, those funds wouldn't count as assets. However, be careful with the timing because verification requests from schools can come later, and they may ask for updated bank statements. My recommendation would be to submit your FAFSA as early as possible (October 1), then arrange for your loan to be approved and disbursed after that date.

Just wanted to add another perspective as someone who went through this exact situation two years ago. We had a similar renovation loan for our rental property and made the mistake of taking it out right before filing FAFSA. It bumped our SAI up by about $2,500, which cost us nearly that much in lost Pell Grant eligibility. What we learned for the following year: we set up automatic payments to contractors and suppliers so the money never actually sat in our personal accounts. We had the bank disburse the loan funds directly to the roofing company and HVAC contractor. This way, the cash never showed up as our assets on the FAFSA snapshot date. Also, keep detailed records of all renovation expenses. Some schools will consider professional judgment appeals if you can demonstrate that the money was already committed to necessary property maintenance expenses, though success varies by school. One last tip: if you do end up with the cash in your account when filing, consider prepaying some other legitimate expenses (property insurance, property taxes, etc.) to reduce the cash balance before your FAFSA snapshot date.

Thank you for this! She's actually near a United hub, so I'll have her look into their cadet program immediately. Even if it's competitive, it's worth trying for. These industry-specific options are exactly what we needed to hear about.

As someone new to navigating student loans, this thread has been incredibly eye-opening! I had no idea there could be such huge differences between lenders or that Parent PLUS loans might actually be better than private options. The 14% rate from Sallie Mae does seem excessive, especially with an 800 credit score co-signer. I'm bookmarking all these suggestions about credit unions, loan aggregators like Credible, and airline cadet programs. It's scary how easy it would be to just accept the first offer without shopping around. Thanks everyone for sharing your experiences - this is exactly the kind of real-world advice that's so hard to find elsewhere!

UPDATE: I took everyone's advice and 1) contacted the school's financial aid office, who said they're being flexible with deadlines this year, and 2) finally got through to FSA by calling right when they opened. The agent confirmed my application is in active review, no issues flagged, and said I should see the SAI calculation within 7-10 business days! Thank you all for the help and reassurance.

As a newcomer here, I just want to say how helpful this thread has been! I'm in a similar situation - submitted my FAFSA in early February and it's been "in review" with changing dates. Reading all your experiences makes me feel so much better about what's happening. The explanation from the financial aid advisor was especially helpful. I'm going to follow Sean's lead and contact my school's financial aid office tomorrow. It's reassuring to know that schools are being flexible with deadlines this year because of all the FAFSA processing delays. Thanks everyone for sharing your experiences!

I'm new to this community but unfortunately not new to FAFSA frustrations! Reading through all these responses, it sounds like you have several good options to try before starting completely over. I'd recommend trying the Claimyr service that Fiona mentioned first - if an agent can manually locate and push through your existing application, that would save you from missing the priority deadline. If that doesn't work, definitely call RISD's financial aid office directly before resubmitting. Many schools are being flexible with deadlines this year given all the system issues, and they might be able to work with you on the timing. Document everything - dates you called, who you spoke with, reference numbers if they give you any. The fact that Pratt received your 2023-24 FAFSA is actually useful information - it proves you did submit something successfully, just the wrong year somehow got processed. That might help when explaining the situation to financial aid offices. Good luck! This whole FAFSA rollout has been such a mess, but it sounds like you're being persistent and that's what it takes this year.

As someone who just went through a similar nightmare with my twin daughters' FAFSAs, I wanted to share what finally worked for us. We had the exact same issue - submitted in December, got confirmation emails, then complete radio silence from the system showing no record. After weeks of frustration, I discovered that creating a paper trail is crucial. I sent a certified letter to Federal Student Aid (830 First Street NE, Washington, DC 20002) documenting our submission date, confirmation numbers, and the technical issues we encountered. Include screenshots of any confirmations you received and print out that glimpse of the SAR you mentioned seeing. Within 10 business days of sending that letter, we received a callback from FSA with our daughters' applications magically "found" and processed. Apparently there's a whole department that handles these technical glitches, but you have to formally document the issue to get escalated to them. Also, definitely reach out to your state's Department of Education - many states have FAFSA hotlines that can advocate on your behalf with federal aid offices. Rhode Island's higher ed department might be able to help push things through faster than going through federal channels alone. The paper trail approach might take a bit longer than resubmitting, but it preserves your original December submission date which could be important for priority deadlines. Worth trying before starting completely over!

Thank you everyone for the helpful information! I've decided to: 1) File the FAFSA as required with my husband's information included, 2) Prepare a detailed financial statement showing our separate arrangements, and 3) Appeal to each school's financial aid office with documentation of our situation. I'm not optimistic but at least I have a plan now. This forum has been so much more helpful than the FSA website!

Good luck with your appeals process! I'd suggest also documenting any child support payments (or lack thereof) from your ex-spouse, as this can sometimes help demonstrate your actual financial situation versus what the FAFSA formula assumes. Some schools are more flexible than others with professional judgment, so don't get discouraged if the first school you appeal to doesn't budge much. Also, make sure to submit your appeals early in the process - financial aid offices typically have more flexibility with institutional funds earlier in the year before their budgets are depleted.