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Here's what I learned from my experience: make sure your mortgage is COMPLETELY CLOSED before you sign anything for your son's education. Not just approved - CLOSED. My lender did a final credit check 3 days before closing and found a Parent PLUS loan inquiry (not even an actual loan yet!) and it caused major problems. Had to get letters explaining it was just an inquiry and wasn't going to be processed until after closing.
One last thing to keep in mind - when your son completes his financial aid package at his chosen school, they'll likely present the Parent PLUS loan as an option to cover the full remaining cost of attendance. This often appears in the financial aid award letter as if it's already approved or part of the package. Just remember that you do NOT have to accept the Parent PLUS portion until you're ready, and your son can still accept just his direct federal loans in the meantime. Many parents don't realize they can accept only part of the financial aid package presented in the award letter.
is anyone else annoyed that they completely changed the fafsa system the same year as the election?? feels like nobody in government is paying attention to fixing these issues bc theyre all busy campaigning lol
UPDATE: I wanted to thank everyone for their advice! I followed several suggestions: 1. Contacted my school's financial aid office - they gave me a 3-week extension on the priority deadline! 2. Used Claimyr to actually reach someone at FSA after 9 previous failed attempts - they submitted an expedited review 3. Visited my local SSA office (had to wait 2 hours) and discovered there WAS a discrepancy in how my married name was formatted Good news - my verification finally went through this morning! The SSA office fix plus the expedited review from FSA seems to have worked. For anyone else dealing with this, definitely be persistent and try multiple approaches at once. Thanks again for all your help!
Excellent news! This is exactly the kind of multi-pronged approach that works best with these systems. I'm glad you got resolution before your deadline. For anyone else reading this thread with similar issues, this is a perfect example of being proactive rather than just waiting for the system to eventually work.
i had this same issue last year with the 2024-2025 fafsa. got stuck on a different page (the parent contributor one) but same deal - kept freezing and not saving info. ended up having to completely restart my application THREE TIMES. so frustrating. at least it seems like they're fixing things faster this cycle.
Quick update for everyone - the Department of Education just released a statement acknowledging the Assets page issue. They've deployed a fix as of yesterday evening, which explains why some of you are suddenly able to get through. They're also automatically reviewing applications that have been stuck in this stage for more than 10 days. Regarding the SAI number you received - that's the Student Aid Index that replaced the old EFC. This number is used by colleges to determine your aid eligibility. With an SAI of 4200, you'd likely qualify for partial Pell Grant funding (assuming no verification issues), and most state grants would be available to you as well. The "in review" status simply means they're matching your self-reported information with IRS data through the automated data retrieval system. This typically takes 3-7 business days, but shouldn't require any action on your part unless you're selected for verification.
Thank you so much for this detailed information! It's such a relief to hear they're actually acknowledging the problem. I wish they'd communicate better about these issues instead of leaving us all in the dark. I'll wait for the final processing before getting too excited about the aid possibilities.
Just got an update from my school (UCL) - they said the Department of Education sent out guidance to international schools yesterday with a temporary workaround. Apparently they can now access some basic information through a special portal, but the full data integration is still being worked on. You might want to check with Edinburgh if they received this update!
btw if ur going to edinburgh hit me up when u get there! i have friends who go there and they LOVE it. the financial aid stuff is stressful but dont let it ruin ur excitement about studying in scotland!!
Chloe Wilson
One important thing to understand is that your 401k contributions are still counted in your income for FAFSA purposes. With your income level, your SAI (Student Aid Index, formerly EFC) will likely be high enough that need-based aid isn't available at most schools. However, beyond the Parent PLUS loan question, make sure your daughter is applying to schools with strong merit scholarships. Many schools offer significant merit aid that's completely separate from FAFSA need calculations. Schools in lower cost-of-living areas tend to have more generous merit aid packages.
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Freya Johansen
•We're definitely focusing on schools with good merit aid. Do you happen to know if selling my rental property during the application year would negatively impact her aid eligibility for the following year? I'm worried about the capital gains showing up on my taxes.
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Chloe Wilson
•Great question. The 2025-2026 FAFSA uses your 2023 tax information, so any 2024 or 2025 transactions won't affect her initial aid package. However, if you sell in 2025, it could impact her 2027-2028 FAFSA. One strategy might be timing the sale for when it would least impact aid if you decide to go that route.
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Diego Mendoza
also dont forget to check out CSS profile schools if your kid has good grades cuz they might give merit money even with high income!!
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Freya Johansen
•Thanks for the reminder! She does have a 3.9 GPA and good test scores, so that might be a path worth exploring. Do CSS Profile schools look at assets differently than FAFSA?
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Chloe Wilson
•Yes, CSS Profile schools look at more financial details than FAFSA. They consider home equity, small business assets, and non-custodial parent information. However, many also have more generous institutional aid and more flexibility with special circumstances. Your rental property equity would be considered an asset on the CSS Profile.
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