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btw did ur daughters SAI change much from freshman to sophomore yr? my kids went up by like 3000 even tho our income stayed the same 🙄
We haven't done this year's renewal yet, but that's concerning to hear! Our income actually decreased slightly due to me switching jobs, so I was hoping for a lower SAI. Now I'm worried it might increase anyway. Did you figure out why yours went up?
To address the SAI change question that came up: For 2025-2026 FAFSA renewals, several factors can affect your SAI even if your income stays the same: 1. Assets are assessed annually - changes in savings, investments, or property values impact SAI 2. Family size changes affect the calculation 3. Number of family members in college drastically impacts SAI 4. Age of oldest parent (protection allowances increase as parents approach retirement) 5. State of residence (some state tax allowances differ) Also, the 2025-2026 formula has some adjustments to income protection allowances that could affect your calculation differently than last year. If your SAI seems unexpectedly different, request a professional judgment review from your daughter's financial aid office.
Great to hear you resolved it! For anyone else reading this in the future - this is the correct process. The system requires both spouses to sign electronically when joint tax returns are used, but the second spouse generally only needs to provide demographic information and consent, not re-enter all the financial data.
just wanted to add that fasfa is taking FOREVER this year!! we submitted in november and didnt get our sai score until last week!!! so frustrating
The FAFSA delays this year are unprecedented. The entire system redesign has been plagued with technical issues, and many schools are having to push back their financial aid award timelines. I'd recommend everyone keep documentation of when you submitted your FAFSA and follow up regularly on the status.
Thank you all for the incredibly helpful responses! Based on your advice, I've: 1. Emailed the performing arts department to ask about their specific scholarship process 2. Started a spreadsheet to track all the different aid sources 3. Checked if there are any program-specific applications my daughter needs to complete 4. Set a reminder to follow up with financial aid in mid-March if we don't hear about our FAFSA It's comforting to know that program-specific scholarships are common, even if the whole system seems complicated. I'll update this thread once we hear back from either the FAFSA or after her audition. Fingers crossed for good news on both fronts!
Sounds like you're taking all the right steps! One more suggestion: once you receive your complete aid package from all sources, consider scheduling a one-on-one meeting with a financial aid counselor to walk through everything. They can often explain the details of how different scholarships interact and identify if there are any additional options you haven't considered yet.
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!
StormChaser
UPDATE????? did u figure it out? im invested in ur story now lol
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Giovanni Rossi
Found it! You were right - it was one of those investment questions. I said \
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