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wait im confused... if you have the SAI number doesnt that mean it worked??? my fafsa got processed but i never got an SAI number and my school says they cant do anything until i get one. how did you even see the SAI?
The SAI (Student Aid Index) number appears on your Student Aid Report once your FAFSA is processed. You can view it by logging into studentaid.gov, going to your processed application, and clicking "View Student Aid Report." Having an SAI means your application is processed, but apparently it doesn't guarantee the information was successfully transmitted to your schools!
FINAL UPDATE: Success! The financial aid office called this morning to confirm they FINALLY received my son's FAFSA information. They said it came through late yesterday. They're expediting his financial aid package and should have it ready by the end of next week, which is just in time for the tuition deposit deadline. Lessons learned for anyone dealing with the same issue: 1. Just because your FAFSA shows "processed" doesn't mean schools actually received it 2. Be persistent with both FSA and your school's financial aid office 3. Get reference numbers for everything 4. Have the school check for name mismatches if they say they didn't receive anything Thanks everyone for your help and suggestions! This system is seriously broken, but we made it through.
Oh! Almost forgot to mention - make sure u look into the interest rates for this year's federal loans. I think they just got announced and they're higher than last year. I think Direct Loans for undergrads are around 5.5% now and Parent PLUS is even higher like 8% or something crazy. Still way better than private loans tho!!
I checked with the school's financial aid office today, and they confirmed we need to accept the loans in their portal by June 30th and complete the MPN and entrance counseling by July 15th. We're going to get that done this weekend. They also mentioned that for Parent PLUS loans, I need to apply separately on studentaid.gov and pass a credit check. Thanks everyone for your help! This process is way more complicated than I expected, but I feel like we know what to do now.
Great job getting all that info! One last tip - when your daughter completes entrance counseling, it includes a lot of important information about repayment options and forgiveness programs. Easy to just click through it, but actually reading that stuff saved us thousands when my son qualified for a forgiveness program we wouldn't have known about otherwise!
just make sure she keeps her grades up at CC!!! my neighbors kid had bad grades when transfering and didn't qualify for some scholarship money at the university. the GPA follows u!!!!
One additional tip - make sure your daughter talks to academic advisors at BOTH the community college AND her target university during her first semester. Many universities have specific transfer agreements with community colleges that guarantee admission if certain requirements are met. They can also provide a transfer course equivalency guide to ensure the classes she takes at community college will count toward her business degree requirements. This early planning can save time and money by preventing her from taking classes that won't transfer or won't count toward her major. Some universities even have scholarships specifically for transfer students with good GPAs from partner community colleges.
Gianni Serpent
One last bit of advice: make sure your son uses the IRS Data Retrieval Tool when completing his portion of the FAFSA. Even with a simple W-2 situation, this tool can help ensure the income information is transferred accurately. If he filed his own taxes for 2023 (even if his father claimed him as a dependent), the DRT will make the process much smoother.
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Ryder Ross
•He didn't file taxes because his income was under the filing threshold, but he does have his W-2. In this case, do we just manually enter his W-2 information?
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Joshua Hellan
Yes, if he didn't file taxes, you'll need to manually enter his W-2 information. Keep his W-2 handy when completing the FAFSA. You'll need to enter the exact amount from Box 1 (Wages, tips, other compensation). Since he didn't file taxes, the IRS Data Retrieval Tool won't be available for his portion. Just be sure to answer the question about filing taxes accurately by indicating he was not required to file a 2023 tax return.
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Ryder Ross
•Thank you so much for all your help! I feel much more confident about handling his W-2 information now. This forum has been a lifesaver!
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