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another IMPORTANT thing nobody mentioned - if you pay even just $50 extra each month toward the principal, you can shave like 2 YEARS off your repayment and save thousands in interest!! I set up automatic payments for $50 above my minimum and barely notice it, but my payoff date is wayyy sooner now.
This is excellent advice. Even small additional payments can significantly reduce the total interest paid over the life of the loan. Just make sure to specify that the extra amount goes toward principal reduction, not just applied to future payments.
Thank you all so much for the advice! I'm feeling much better knowing what to expect. Sounds like I should plan for around $220/month on the standard plan, but I'll have income-based options if my starting salary isn't great. And I'll definitely look into making extra payments toward the principal to save on interest.
You're welcome! One more tip: when you graduate, you'll have a 6-month grace period before repayment starts. Use that time to set aside a small emergency fund if possible. Having even $1,000 saved can prevent you from needing to use credit cards for unexpected expenses when loan payments start.
my daughter got her pell grant after we fixed our income info, it took like 8 days for correction to go thru but worked out fine in the end. def worth fixing
Update: I submitted the correction yesterday afternoon and called the financial aid office this morning. They were super helpful and made a note in my daughter's file about the pending correction. They said they'd make a provisional aid package based on our explanation of the error while waiting for the official update. Thank you all for the advice and encouragement!
am i the only one who got an sai score but my schools still dont have my fafsa info? my status says processed on studentaid.gov since april 9 but none of my 3 schools show any fafsa data. so confused!!
That's not uncommon this year. There's a delay between FSA processing and when colleges receive the data. It can take 1-2 weeks after your SAI appears for schools to receive and import your information. If it's been longer than that, have you checked that your school codes were correctly entered on your FAFSA?
oh maybe thats it!! i'll double check my school codes. thx!
One more thing to try: log out of studentaid.gov completely, clear your browser cache/cookies, and log back in. Sometimes the status updates aren't showing correctly due to cached data. I've seen several cases where this resolved display issues and showed the current status.
Glad it worked out! Make sure you check your student email like every day from now on. They'll send important follow-up stuff there and if you miss those deadlines you could still lose out on aid!
It's great your school extended their deadline! This is an unusual year due to the FAFSA simplification issues. For anyone else reading this thread who might be in a similar situation, here's what you need to know for 2024-2025: 1. The federal deadline is still June 30, 2025 2. Many (but not all) schools have extended priority deadlines 3. State deadlines vary widely - check studentaid.gov for your state 4. Submit all verification documents immediately if requested 5. Monitor your student email and portal daily for requests Even with extended deadlines, earlier submission is always better for maximum aid consideration.
Connor Murphy
Just to add one more thing that sometimes causes confusion: The CSS Profile (which some private colleges require in addition to FAFSA) is different - you have to pay for each school you send it to. But the FAFSA itself goes to all listed schools at no cost.
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Zainab Ali
•Thank you for clarifying! She does have a couple private schools that require the CSS Profile so we'll handle those separately.
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Natasha Volkov
FAFSA is SO FRUSTRATING this year with all the changes!!! We had to submit my daughter's 3 times because of errors. Make sure you double check all the school codes - my daughter accidentally put one wrong digit for one school and they never got her info. Took us weeks to figure out the problem!
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Keisha Jackson
•omg same!!! the new system is such a disaster compared to the old one. took us forever to get through it
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