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For married couples, all assets are considered shared for FAFSA purposes, regardless of whose name is on the accounts. So you'll need to report:\n\n- Individual accounts in your name\n- Individual accounts in your husband's name\n- Any joint accounts\n\nThe FAFSA doesn't distinguish between separate and joint accounts for married parents - it all gets reported as parent assets. This is true even if you file taxes separately.
Excellent news! Make sure to follow up with your financial aid office now to confirm they've received your information. They should start preparing your aid package within the next few weeks.
Here's an important update that wasn't mentioned in the podcast: The Department of Education just announced they've processed over 3.5 million FAFSA forms as of last week, which is significant progress compared to where they were a month ago. They're now processing approximately 250,000 forms per week. If your daughter submitted her FAFSA within the past 6-8 weeks, there's a good chance it will be processed soon. The SAI (Student Aid Index) calculations are being sent to colleges in batches, and colleges typically need 1-2 weeks after receiving the SAI to prepare aid packages. Regarding the May 1st deadline - the National Association for College Admission Counseling (NACAC) has officially requested all colleges extend their deadlines. Most are complying, even if they haven't updated their websites yet. You have legitimate grounds to request extensions from any school that hasn't received your FAFSA data.
my sons freinds dad works at a college and said ALOT of kids aren't even bothering with FAFSA this year because of the mess. there gonna be like 40% less pell grants given out because of all this!!! government mess
This is concerning but not entirely accurate. While FAFSA completion rates were down 40% earlier this year, they've recovered somewhat (now down about 25% year-over-year). The Department of Education has confirmed that all Pell Grant-eligible students will still receive their grants - the issue is timing, not eligibility. I strongly recommend everyone complete the FAFSA despite the challenges, as billions in aid remains available.
The FAFSA system gets incredibly bogged down in September and October. Their servers simply can't handle the traffic volume during peak filing season. I've been through this four times with my kids! One trick that hasn't been mentioned: try accessing the site using your phone's cellular data instead of your home wifi. Sometimes ISP routing or security settings can interfere with certain government websites.
UPDATE: IT WORKED!!! Combination of things that finally got me through: using Chrome incognito mode + creating a brand new email + manually typing all fields (no autofill) + using my phone's hotspot instead of home wifi. Plus I did it at 5:30 AM when server traffic was probably low. THANK YOU ALL for your suggestions! Now on to actually completing the FAFSA itself... 😅
Micah Franklin
Just a quick heads up - many schools have different priority deadlines, and some are later than others. Double-check with your daughter's specific schools about THEIR actual deadlines. It might not be as urgent as you think for all of them. I made this mistake too and stressed for nothing when some schools had May deadlines!
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Austin Leonard
•That's a good point. Her top choice school definitely has tomorrow as the cutoff for full consideration, but I'll check the others. Still need to get this fixed ASAP regardless.
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Abigail Spencer
One more suggestion: If the FAFSA form remains stuck in processing, document your attempts to submit on time. Take screenshots of error messages, record dates/times of your attempts, and prepare a brief explanation. Then, immediately contact the financial aid offices at your daughter's schools to explain the situation. Many schools have hardship provisions for technical difficulties with FAFSA submissions. Also, the FAFSA processing system typically updates overnight between 11pm-5am Eastern Time. Sometimes applications that have been "processing" all day will suddenly become available after this maintenance window.
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Austin Leonard
•Thank you so much. I just got off the phone with a FAFSA agent (used that Claimyr service someone mentioned - it actually worked!). They manually cleared our processing status and I can now access the correct 2024-25 form! We're going to stay up all night if needed to get this submitted. I really appreciate everyone's help!
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