Tag Archives: EFC calculation

How To Appeal Your Expected Family Contribution (EFC), Cost of Attendance (COA) and Satisfactory Academic Progress (SAP) Suspension

How did you resolve the problem you had that led to your Satisfactory Academic Progress Suspension

Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode14-11.mp3]
On this March 12, 2014 episode we discuss the importance of the filing the Free Application for Federal Student Aid, or FAFSA ASAP with Andrew Viscariello of Black Hawk College. In addition, we are discussing three appeal types when it comes to you or your students financial aid.

Guided by we talk with Mary Lawson, Associate Director of Financial Aid at Western Illinois University (@WIUNews) , First we cover the Estimated Cost of Attendance, or ECA/COA appeals, and how to appeal that if you feel the cost profile is too low.  Next, she discusses how to appeal your initial Expected Family Contribution number, or EFC and your Financial Aid Award Letter, if it does not reflect your current financial circumstances.

Next, we talk to Angeles Fuentes of California State University, Monterey Bay, about Satisfactory Academic Progress, or SAP Appeals and how most financial aid office’s deal with those appeals.

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This Weeks Two Minute Tip Episodes: July 30 – August 3

 

 

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Thanks to everyone for the response to our two-minute episodes, and to follow those up here are this weeks list of episodes.

  1. How To File A Satisfactory Academic Progress Appeal
  2. How to File an EFC Redetermination Appeal
  3. How To Get Scholarship Offers As A Transfer Student
  4. How To Get More Scholarship Offers As A Returning Student
  5. How to Get More Scholarship Offers As A HIgh School Student

I hope everyone is able to gain something from these podcasts, and feel free to Send questions for next weeks schedule.

How Do I Get Classified As An Independent Student When Filing The FAFSA?: JR’s Daily Two-Minute Financial Aid Tip

This is episode 19, and today we are answering the question, How Do I Get Classified As An Independent Student When Filing The FAFSA?

Now when people file the FAFSA, they are classified into one of two categories: independent, or dependent. Dependents need their parents tax information to complete the FAFSA. In addition, the government assumes that the parents of dependent students will aid financially in paying for their child’s education, whether this is financially a reality.  Now it is always better from a financial aid standpoint to be classified as an independent student, and here are the reasons such a classification

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How Should I File The FAFSA If My Parents Are Divorced: JR’s Daily Two-Minute Financial Aid Tip

This is episode 18, and today we are answering the question, How Should I File The FAFSA If My Parents Are Divorced?

Lets be honest, 50% of all first marriages end in divorce. The rates go up on all marriages after that. In addition, more than half of all births to American women under 30 are born out-of-wedlock.  So odds are that as you are enter college now, you have lived with one parent as opposed to both. Now the FAFSA asks you to enter parental information to about their finances to decide how much aid you qualify for. The question is, what information should you be entering if you live with only one parent the majority of the time?

[audio https://collegemoneyman.files.wordpress.com/2012/07/ep18-2min1.mp3]

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What is a Graduate Assistantship, and How Do I Qualify?: JR’s Daily Two-Minute Financial Aid Tip

This is episode 16, and today we are answering the question, what is a graduate Assistantship and how you can qualify for one?

Say you are one the cusp of graduating this year. You want to be more competitive in the job market and have decided you want a graduate degree. But the question then becomes how to pay for it?

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Should Parents Put 529 Plans In A Childs Name? : JR’s Daily Two-Minute Financial Aid Tip

This is episode 16, and today we are answering the question, Should You Put A 529 Plan In A Childs Name?

529 Plans have become one of the preferred college savings options over the last decade. They offer so many benefits not only in heir tax treatment, but also in their ability to change over time to fit the needs of investors and many are now FDIC Insured, just like a bank account.

 

 

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What Should I Do If My Parent Loses Their Job/Is Laid Off While I Am In College: JR’s Daily Two-Minute Financial Aid Tip

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Episode 11

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