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One important thing nobody mentioned - make sure you and your daughter know the difference between subsidized and unsubsidized Direct loans! My son didn't understand this at first and it makes a BIG difference. Subsidized = no interest while in school. Unsubsidized = interest accumulates the whole time. Parent PLUS loans always accumulate interest from day one and have the highest rates of all federal loans.
ya n also the interest rates for next yr might b different right? does ne1 know when they announce the new rates for fall 2025 loans?
Federal student loan interest rates for the 2025-2026 academic year will be announced in May 2025. They're based on the 10-year Treasury note auction plus a fixed add-on amount depending on the loan type. Current rates were announced last May, so that's the typical timeline to expect for next year's rates.
I'd recommend sending a polite but direct email to each financial aid office with:\n1. Your full name and student ID\n2. FAFSA submission date (1/16) and processing date (3/28)\n3. Confirmation number from your FAFSA\n4. A specific request for confirmation that you'll still be considered for all aid programs\n\nKeep the email professional but mention you've been anxiously waiting due to the lengthy processing time. Financial aid officers are overwhelmed right now, but most are being understanding about the nationwide delays.
ur overthinking this!! just apply everywhere and decide later. my roomate did this and got like 6 acceptance letters and just picked the one with best $$$$ in april. no big deal!
While applying to multiple schools is good advice, this situation is different because it involves a potential mid-year transfer if the school closes suddenly. Financial aid packages for mid-year transfers work differently than regular fall admissions, and there are specific considerations like teach-out plans that need to be accounted for. It's not just about picking the best offer in April.
Thank you everyone for all this helpful information! I've made a list of action items based on your advice: 1. Contact backup schools' financial aid offices to explain our situation 2. Get documentation from current school about their status 3. Look into transfer scholarship options at backup schools 4. Save copies of all current financial aid documents and transcripts 5. Check for deposit refund policies at all potential schools I feel much more prepared now to help my daughter navigate this uncertainty. Really appreciate all the guidance!
my daughter fixed her signature problem yesterday too! we're in the same boat. let me know if you hear anything back on yours and i'll do the same :
Quick update on processing times - I just spoke with an FSA representative yesterday who confirmed they are currently prioritizing applications with impending school deadlines. When you contact them, specifically mention your April 15th scholarship deadline, and ask if they can add a priority note to your application. This won't guarantee faster processing, but it may help. Also, make sure to check both the student AND parent emails for any communications, as sometimes verification requests go to the parent email even though the student is the primary applicant.
Rosie Harper
To follow up on the tax information question - if there's any discrepancy between the IRS data and what's showing in your FAFSA, even a small one, it can trigger a manual review. This might include differences in adjusted gross income, filing status, or even address formatting. The most efficient approach is still to: 1. Contact the schools to explain the delay 2. Keep documentation of your submission and status 3. Reach a Federal Student Aid representative to check for hidden verification requirements Once your son's SAI is calculated, make sure to immediately notify all schools.
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Khalid Howes
•Thanks for the follow-up. I've emailed two schools so far, and one already responded saying they're aware of the widespread delays and will work with us. That's a relief! I'm still going to try to reach Federal Student Aid to see if there's a specific issue with our application.
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Cynthia Love
Has anyone else noticed that the FAFSA applications submitted in December seem to be getting processed faster than those submitted in January? My neighbor's kid submitted in December and got the SAI in less than a week, while we're still waiting after submitting Jan 10th. Seems like they're prioritizing older applications which makes sense I guess.
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Darren Brooks
•That's consistent with what I've observed. There appears to be a priority queue based on submission date. December applications are mostly processed now, January is in progress, and February submissions are looking at potentially longer delays. The system is struggling with volume after the late launch this year.
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