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BTW make sure you check EVERYTHING else on the old form too while you're at it. If there's one mistake there could be others! Take it from someone who had to redo their entire verification process because of dumb little errors 😫
That's good advice. I'll do a full review of everything when I go in to make the correction. Thanks!
For anyone else reading this thread with similar issues - here's a quick checklist for handling demographic corrections on prior year FAFSAs: 1. Submit the correction through studentaid.gov ASAP 2. Notify your school's financial aid office in writing 3. Provide supporting documentation if requested 4. Check if verification is needed (usually only if your SAI changes) 5. Review current year application for accuracy before submitting Most biographical corrections don't impact your aid eligibility, but they're important for proper record-keeping in the federal system.
This is super helpful! I just submitted the correction and sent an email to our financial aid office with a copy of his ID attached. They replied quickly and said it shouldn't affect our current aid at all, just as you suggested. Thank you so much for the guidance!
Has anybody actually looked at whether this makes mathematical sense? I mean if your parents are close to retirement they might have a lower income soon which could qualify them for lower payments under ICR. If you refinance, you're stuck with the full payment no matter what. Just make sure you RUN THE NUMBERS before making this decision. I know ppl who regretted refinancing because they lost all flexibility when life circumstances changed!!
This is an excellent point. Income-Contingent Repayment for Parent PLUS loans (after consolidation) caps payments at 20% of discretionary income. If the parents' income drops significantly in retirement, their required payments could drop as well. Additionally, these loans can be forgiven after 25 years of payments under ICR, though the forgiven amount is currently taxable. It's definitely worth running scenarios based on their retirement income projections versus the total cost of refinancing.
just fyi i forgot to mention in my first post - when i refinanced they gave me options for 5, 10, 15, or 20 year terms. the shorter terms had better interest rates but higher monthly payments. i went with 15 years to keep payments manageable but still not be paying it off until im 50 lol. shop around bc every lender has different term options!!
why dont u just try signing with ur daughters fsa id if she has the password? my mom did that when we had same problem lol
UPDATE: IT'S FIXED! Wanted to share what worked for anyone else facing this issue. These steps did the trick: 1. I used Microsoft Edge instead of Chrome (thanks for that tip!) 2. Checked my FSA ID info and found my address was incorrect as someone suggested 3. Updated my address in my FSA ID account 4. Completely logged out of everything 5. Cleared all browser data 6. Logged back in to my parent account 7. Found a notification in the "My FAFSA" section (not under corrections) 8. Clicked that notification which took me to a working signature page The signature button is now showing my signature as complete! My daughter's application now shows fully processed with her SAI score calculated. Thanks everyone for your help!
so glad you got it fixed!!!! the whole system is a nightmare this year
To address your follow-up question about documents for a special circumstances appeal, here's what you should gather: 1. Personal statement detailing your situation (be specific about financial separation while legally married) 2. Documentation showing you pay household expenses (mortgage/rent, utilities, insurance) 3. Documentation showing you'll be solely responsible for education costs 4. Tax returns with a statement explaining why the joint return doesn't reflect your actual situation 5. Budget worksheet showing your income and expenses separately 6. If applicable, any documentation regarding why your spouse cannot contribute (medical issues, etc.) Regarding Work-Study: Even if it wasn't initially offered, during your appeal process you can request to be considered for it. Many schools have additional work-study funds they can allocate during appeals. One last suggestion - see if your son's school offers any tuition installment plans. These don't reduce the cost, but they break payments into smaller monthly amounts that might be more manageable than lump-sum semester payments.
Thank you so much for this detailed list! I'll start putting together these documents right away. I think we have a strong case for the appeal since I've been handling all household and education expenses on my own. I didn't realize I could specifically request work-study during the appeal process - that's really helpful to know.
btw my neighbor's kid got like 5k more in aid after appealing so it def works sometimes! also dont forget to fill out FAFSA again next january, sometimes sophomore yr they give more aid (happened for my daughter).
That's encouraging to hear about your neighbor's success with appealing! And good point about reapplying - I'll make sure we submit the FAFSA early every year. I've heard aid can sometimes increase in later years.
Aidan Percy
make sure ur son applies for ALL the scholarships!!! my daughter got a weird one for $1500 because her great grandfather was a freemason lol. check with ur employer too, lots have scholarships for employees kids!
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Nalani Liu
That's a great point! I'll definitely look into scholarships through my company. And I'll have him start researching scholarship opportunities soon too. Every little bit helps!
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