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To directly answer your questions: 1. You know your FAFSA is complete when: - The status shows "Processed" on studentaid.gov - You receive a Student Aid Report (SAR) via email - You can see a calculated SAI (Student Aid Index) number 2. You CAN correct information: Log in to studentaid.gov, select "Make FAFSA Corrections" and update any incorrect information. 3. To verify what was submitted: View the Student Aid Report (SAR) which shows all submitted information and calculated results. Best to check this soon, as some schools award aid on a first-come, first-served basis!
After checking everything, we found out my husband had incorrectly entered our home equity as an investment asset (it's not supposed to be reported for FAFSA) which would have SIGNIFICANTLY hurt our daughter's aid eligibility. I was able to make the correction online, and we received an updated SAI about 10 days later. The schools automatically received the updated information. Thank you everyone for your help! I feel so relieved that we caught this before aid decisions were made.
I'm so glad you caught this error! Home equity is indeed excluded from the FAFSA (though not from the CSS Profile that some private schools require). This is exactly the type of mistake that can cost families thousands in aid. For anyone else reading this thread, always remember that your primary residence value is NOT reported on the FAFSA!
quick question does anyone know if making corrections resets your place in line for getting your SAI?? i need to fix something but don't want to lose my spot if I'm already being processed
UPDATE: Our status finally changed from "In Review" to "Processed" this morning! It took exactly 4 business days (6 days total including the weekend). Our new SAI has been calculated and is now showing on the dashboard. I emailed the college financial aid office like many of you suggested and they were super understanding. Thanks everyone for your help and suggestions!
THE WHOLE SYSTEM IS DESIGNED TO FAIL!!! They make these programs sound great in the news but make them IMPOSSIBLE to actually use! I spent 6 MONTHS trying to get my garnishment stopped under Fresh Start. SIX MONTHS!!! Lost $4800 in wages that I'll never get back. The ED and loan servicers should be SUED for this garbage implementation.
One more important tip: keep detailed records of EVERY communication. Note the date, time, name of representative, and what was discussed. If you speak with someone at ED who confirms your Fresh Start status, ask them to email you confirmation that same day. Also, if your garnishment continues despite your efforts, you have the right to request refund of improperly garnished wages once the issue is resolved. The Department of Education won't volunteer this information, but they are required to refund wages garnished during periods when collections should have been suspended.
This is my third kid going through the college process and by far the worst experience. The new "simplified" FAFSA is anything but simple. My daughter's application got flagged for verification (which never happened with my older kids) and now we're stuck in this endless loop of submitting documents that never seem to satisfy what they're asking for. The timing couldn't be worse either - she was planning to start at community college this summer but now might have to delay because she can't register without financial aid being processed. The system is broken at every level.
Quick update for everyone in this thread - the Department of Education just announced they've fixed several more calculation errors in the SAI formula and will be reprocessing affected applications "in the coming weeks." So even if you've already received an SAI, it might change. And schools are being advised not to finalize aid packages until all these corrections are complete. I know this is incredibly frustrating for families trying to make decisions. My best advice is to stay in regular contact with your financial aid offices, ask about contingency plans they might have for deposit deadlines, and document all communications.
Maxwell St. Laurent
i got SO confused by all this last year!!! signed up for a parent plus loan but then found out my credit wasn't approved so had to do all these extra steps for my daughter to get more unsubsidized loans. the whole system is a mess tbh. but yes the deposit deadline and aid acceptance are different things.
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Marcus Marsh
•Sorry you had to deal with that extra stress! If you don't mind sharing, what were the extra steps when your Parent PLUS was denied? I'm a little worried about our approval since we're self-employed with somewhat complicated finances.
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Maxwell St. Laurent
•when my plus loan was denied my daughter automatically qualified for $4000 more in unsubsidized loans. had to fill out a form saying we were declined plus but wanted the extra unsubsidized loans. took like 2 weeks to process. not the end of the world but just more paperwork during an already stressful time!!!
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Cedric Chung
One more important detail: make sure to complete the FAFSA every year by the priority deadline (usually between Dec 1 - Mar 1 depending on the school). Your financial aid package can change significantly year-to-year based on your financial situation, so staying on top of those annual deadlines is crucial for maintaining aid eligibility throughout your daughter's education.
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Marcus Marsh
•Thank you! We already have a reminder set for October 1st to complete next year's FAFSA. Hoping it goes smoother than this year's application with all the changes they made. Appreciate all the helpful advice!
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