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Have you guys looked at Parent PLUS loans? The interest rate is fixed at 8.05% right now which isnt amazing but atleast its federal and has some of those protections? Thats what we did when my kid's aid package wasnt enough
One more suggestion - check if your daughter's school has a payment plan option. Many colleges will let you spread payments over 10-12 months with only a small fee (like $50-100) rather than interest. We're using this for about half of what we owe and then taking smaller loans for the rest. Also, if your daughter can find a part-time job on campus through Federal Work-Study, that money doesn't count against future aid eligibility the way some scholarships can.
UPDATE: I got through to someone at FSA using that Claimyr service another commenter suggested. It worked surprisingly well - I got a call back in about 20 minutes instead of waiting on hold forever. They found our application in their system! Apparently it was flagged for a verification issue unrelated to the signature problem. The agent reset something on their end and said it should reappear in our account within 24 hours. I'll update again tomorrow to let everyone know if it worked. Thanks for the help, everyone!
FINAL UPDATE: Our application is back! It showed up this morning with a status of "Processing" and all our information intact. The agent was right - they hadn't lost our data after all. Such a relief not having to start over. For anyone else having this problem, definitely try contacting FSA directly before assuming you need to start over. And that Claimyr service was definitely worth it to avoid the hold times.
Has anyone found any clear information about how they calculate the SAI with parental assets? I know they have some kind of protection allowance, but the numbers I'm seeing online are from previous years. Our family has some savings for emergencies and my mom is worried it will prevent me from getting any aid at all.
Yes, there's a protection allowance for parents' assets in the SAI formula. For 2025-2026, parents' assets are assessed on a sliding scale starting at 12% above the protection amount. The protection amount varies based on the parents' age and whether they're married or single. Roughly, if your parents are in their 40s-50s, the protection amount is around $10,500 for single parents and $21,000 for married parents (these numbers adjust annually). Assets above that amount only count partially against your aid eligibility. Definitely don't empty savings accounts - the formula is designed to protect reasonable emergency savings.
Update: I just found another really useful section on the site that explains the differences between the SAI and old EFC calculations. For those confused about the changes, there's a whole comparison chart at studentaid.gov/help-center/answers/topic/fafsa/article/sai-vs-efc that breaks it down. Apparently some types of income are treated completely differently now!
I just checked my FSA account and saw they updated my payment count! It looks like they're still counting payments during this period as long as you're making them on time. Maybe try logging in again to see if your account shows the same?
UPDATE: I finally got through to an FSA representative (used that Claimyr service someone mentioned - it actually worked!) and got some clarification. You all were right - the SAVE program legal challenges don't affect payment counting for existing IDR plans. The agent confirmed all my payments are still being counted, including recent ones. She helped me submit a payment count review since I'd had multiple servicers, and recommended I keep all my payment confirmations just in case. Such a relief! Thanks everyone for your help and advice. This whole system is still frustrating, but at least my timeline isn't being extended.
Jessica Nolan
UPDATE: I finally got through to someone at Federal Student Aid this morning! It turns out there was a discrepancy between the tax information we entered and what the IRS had on file. The representative helped us correct it right on the call. She said we should see our SAI score within 3-5 business days. I've already contacted the school with the subscription service, and amazingly, they agreed to extend our refund deadline by two weeks due to the FAFSA issues! I'm so relieved we'll be able to make an informed decision now. Thank you all for your advice and support!
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Angelina Farar
•That's great news! I'm glad you got it sorted out. This is a common issue with the new FAFSA - the direct IRS data transfer doesn't always match perfectly with what applicants enter manually. It's good to hear the school was accommodating with the deadline extension too!
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Sebastián Stevens
•so lucky!! ive been trying to call for 2 weeks still cant get through
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Bethany Groves
@user7 - Seriously, try the Claimyr service I mentioned. It's the only reason I got through after weeks of trying. The FAFSA situation this year is unprecedented, and normal methods of contact just aren't working.
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