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I went through this last month with my son. Called the financial aid office and they told me the 2023-24 FAFSA was required for his summer classes. I freaked out because I thought we'd missed the deadline, but they assured me it's still possible to complete it for summer sessions. I actually found it easier than the new nightmare FAFSA we all struggled with this year! The processing was much faster too - about 3 days vs the weeks the new system is taking.
Update: I finally got through to my son's financial aid office! They confirmed Summer 2024 does require the 2023-2024 FAFSA at their school. The advisor said even though it's late, we should still submit it ASAP as he might qualify for some grants or loans. They also mentioned a special summer payment plan that might help spread out costs if aid is limited. Going to tackle the old FAFSA tonight - wish me luck!
Great news! One tip: The old FAFSA uses the IRS Data Retrieval Tool which can automatically import your 2021 tax information. This makes it much faster than manually entering everything. Also, make sure to list the school with their correct federal code when you submit. Best of luck!
my son is at college now and honestly the fafsa was way easier than i thought it would be!! took like 30 mins. they fixed a bunch of the problems from last year i think. don't stress too much!!
That's really reassuring! Did you have any investment or self-employment income to report? That's the part I'm most worried about.
just some stocks but nothing complicated. my brother has his own business tho and he said it wasn't that bad either! good luck!!
Rather than paying for a consultant, I'd suggest attending a financial aid night at your daughter's high school or a local college. They're usually free and cover both FAFSA and CSS Profile. For your specific self-employment questions, you could also schedule a one-time meeting with a fee-only financial advisor who specializes in college planning (not the commissioned kind who will try to sell you financial products). They can review your specific situation and advise on both FAFSA reporting and potential tax planning strategies that might improve your aid eligibility for sophomore year onward. Also, don't forget to check if each college has differential additional scholarships your daughter might qualify for beyond standard financial aid.
The financial aid nights ARE USUALLY WORTHLESS!!! They just cover the absolute basics that anyone could figure out from the website. They NEVER address complicated situations like self-employment or divorced parents!!!
That hasn't been my experience, but it definitely varies by school. I attended one at a local university that had financial aid officers answering specific questions after the presentation. But yes, for truly complex situations, individual consultation might be needed. College financial aid offices themselves can also be surprisingly helpful with specific questions if you call them directly.
Just to clarify, here's what happened with the FAFSA simplification: 1. The FUTURE Act and FAFSA Simplification Act completely redesigned the form 2. Direct data sharing with IRS eliminated the need for manual financial information input 3. They reduced questions by about 80% from the original form 4. The new SAI calculation replaced the old EFC formula 5. Most importantly, they eliminated questions about untaxed income, assets for many families, and simplified household size reporting So what you experienced is correct and working as designed! Just make sure you check your studentaid.gov account in 3-5 days to see your calculated SAI and ensure there are no flags for verification.
This is SO helpful, thank you! One last question - does this mean schools will be processing financial aid packages faster too since everything is streamlined? I'm trying to make my college decision by May and hoping to have all the aid info by then.
Great question! While the FAFSA processing is faster, schools still operate on their own timelines for assembling and sending financial aid packages. Most aim to get packages out by April for regular decision students. The streamlined FAFSA helps them, but they still need to evaluate each student's eligibility for institutional aid beyond federal programs. I'd recommend contacting your specific schools' financial aid offices about their timelines.
Update for anyone who comes across this post: I checked my studentaid.gov account today (3 days after submission) and my SAI score is already calculated! It shows as processed and sent to all my selected schools. The new system really is that much faster. Just wanted to confirm for others who might be suspicious like I was.
That's awesome! Did you get any kind of estimate of what aid you might qualify for? Or do we still have to wait for each individual school to put together an aid package?
Still waiting on the individual schools to create aid packages. The SAI is just a number that helps schools determine eligibility, but each school will use it differently depending on their available funds and institutional aid policies. My understanding is we still need to wait for those official award letters.
i hate the new fafsa so much!!! they said it was supposed to be easier but its 10x more confusing than before. why do both parents need separate logins when we file jointly??? makes no sense
Make sure your husband creates his FSA ID ASAP and completes his section. Our son's SAI calculation was delayed by almost 3 weeks because my husband didn't complete his portion, and we almost missed priority deadlines for several schools. Once both parent sections are complete, the SAI calculation should happen within 3-5 days (though some are reporting longer times this year).
We're definitely getting on this tonight! I had no idea it would hold up the entire process. Thanks for the warning.
Ethan Davis
Just wanted to update - I checked back and saw your responses. If you haven't tried Claimyr yet, I really suggest giving it a shot. The regular FSA phone lines are completely overwhelmed this year with all the FAFSA changes. When I finally got through, the agent told me they were handling 3x the normal call volume. Also, sometimes the SAI will suddenly appear without explanation after 6-8 weeks. The system seems to run batch processes that eventually catch stuck applications. But with your daughter's financial aid deadlines coming up in just 3 weeks, you probably don't have time to wait for that.
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Nia Johnson
•Thanks for checking back. We've tried everything suggested here with no luck. I think I'm going to try that Claimyr service tomorrow. At this point, I'll try anything because we're running out of time before her deadlines. I'll update here if we get it resolved!
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Andre Laurent
I had a similar situation last month and what fixed it for me was contacting my daughter's college financial aid office directly. They were able to submit some kind of override request to FSA that unstuck the application. Worth trying alongside the other suggestions here.
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Nia Johnson
•That's a good idea! I'll call her first-choice school tomorrow to see if they can help. Thank you!
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