College Money Method
College Money Method
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2024-25 FAFSA Walkthrough and Demo for High School Seniors
The 30-minute video provides screen-by-screen instructions on how to complete and submit the FAFSA. You'll get tips on every section of the financial aid application.
For more information on the new FAFSA, go to www.collegemoneymethod.com/counselor-resource-center-for-the-new-fafsa/
CONTENTS:
0:00 Intro
1:23 - Requirements to complete the FAFSA
3:14 - Student Contributor Walkthrough
5:50 - Student Personal Circumstances section
9:15 - Student choosing and inviting parent contributors
13:10 - Student finances
14:51 - Student college selection
16:00 - Student signature
17:00 - Parent Contributor Walkthrough
18:53 - Parent consent to IRS data sharing
21:29 - Parent finances
25:33 - Parent assets
27:47 - Parent signature
This tutorial guides you step-by-step on how to answer questions for every section of the FAFSA including:
How to determine your financial aid eligibility.
How to determine custody status and which parent must report their information.
How to report parent income, savings and investments.
How to report student income and savings.
Переглядів: 13 350

Відео

Demo and walkthrough of the new 2024-25 FAFSA by Federal Student Aid given on August 17, 2023
Переглядів 27 тис.Рік тому
Get a first peek at the new FAFSA application online! Federal Student Aid gave a screen-by-screen walkthrough of the new online FAFSA, demonstrating the experience and process for a dependent student with married parents. You can learn more about these changes and how to support your students and families at the College Money Method Counselor Resource Center for the new FAFSA: www.collegemoneym...
Updates to new FAFSA process and eligibility for college counselors
Переглядів 239Рік тому
With the new 2024-25 FAFSA delayed until December 2023, get the latest information on changes to the application process and Student Aid Index formula for aid eligibility. This video is created for counselors advising students and families. You can access the Student Aid Index Calculator at: www.collegemoneymethod.com/2024-25-student-aid-index-sai-calculator/ CONTENTS: 0:00 Intro 1:30 - New rol...
How to apply for the Public Service Loan Forgiveness Waiver - final date is October 31, 2022
Переглядів 672 роки тому
Do you qualify for PSLF (Public Service Loan Forgiveness), but haven't applied in the past? Do you work for a school, university, or other non-profit or government agency? Now is your chance to get your federal student debt erased if you work for one of these employers (or have in the past) and have made 120 loan payments. Learn about how Public Service Loan Forgiveness works, and the steps you...
Success with Financial Aid: how to apply for grants and scholarships
Переглядів 2642 роки тому
Get the information you need to be successful in the financial aid process and get the most scholarship money from colleges. This video includes tips for students and parents applying for 2023-24 school year including: Need-based financial aid FAFSA CSS Profile Application Merit Scholarships
2023-24 FAFSA Walk-through and Tutorial for High School Seniors
Переглядів 14 тис.2 роки тому
The 30-minute video provides screen-by-screen instructions on how to complete and submit the FAFSA. You'll get tips on every section of the financial aid application. This video includes Spanish and Haitian Creole subtitles. CONTENTS: 0:00 Intro 4:55 - Section 1 Student Demographics 8:19 - Section 2 School Selection 10:25 - Section 3 Dependency Status 12:15 - Section 4 Parent Demographics 15:39...
2023-24 FAFSA Walk-through and Tutorial for Seniors with section-by-section navigation
Переглядів 9092 роки тому
The 30-minute video provides screen-by-screen instructions on how to complete and submit the FAFSA. You'll get tips on every section of the financial aid application. Go to each section you need help with. CONTENTS: 0:00 Intro 4:55 - Section 1 Student Demographics 8:19 - Section 2 School Selection 10:25 - Section 3 Dependency Status 12:15 - Section 4 Parent Demographics 15:39 - Section 5 Parent...
2022-23 FAFSA Walk-through and Tutorial for High School Seniors
Переглядів 5623 роки тому
Presented by College Money Method. A complete guide with screen-by-screen instructions on how to complete the FAFSA (Free Application for Federal Student Aid) for Seniors and their parents. This tutorial guides you on how to answer questions for every section of the FAFSA including: How to determine your eligibility. How to determine custody status and which parent must report their information...
College Money Method Success with Financial Aid Applications Fall 2021
Переглядів 793 роки тому
Overview of the Financial Aid Process Find more resources at www.collegemoneymethod.com/for-seniors Webinar with AcceptU.

КОМЕНТАРІ

  • @onyxwells9662
    @onyxwells9662 2 місяці тому

    I adopted my granddaughter so iam the only listed parent on birth certificate. How will that work when it asks about second parent when there isn't one?

  • @EstherBruno-fv5gr
    @EstherBruno-fv5gr 4 місяці тому

    The question under "tell us about your parents". If the parents are legally married but separated do you answer married or not? The separated option is only available when the parent is providing the information.

  • @EstherBruno-fv5gr
    @EstherBruno-fv5gr 4 місяці тому

    How do you answer the question referring to "tell us about your parents" if the parents are legally married but separated? The only option is married or not married?

  • @tamiahsellars1552
    @tamiahsellars1552 4 місяці тому

    Hey I’m stuck on the student finances part, what form would i find that information the 1040 or 1098-T?

  • @tabby35b
    @tabby35b 7 місяців тому

    Ok I am the parent and I am filling out my child's fafsa so when I log in I'm saying filling out as a parent so is there any walk through as a parent not as a student

  • @KeithGrosso-y2w
    @KeithGrosso-y2w 8 місяців тому

    My son qualifies to file his FAFSA as an independent for his grad school. For some reason he is unable to enter any personal finance questions such as bank accounts. The area is grayed out and inaccessible. He submitted a help ticket 3 weeks ago and it has been crickets.Any ideas how this may have happened?

  • @carolashley3933
    @carolashley3933 9 місяців тому

    How do know if you were approved

  • @jakeverhage4249
    @jakeverhage4249 9 місяців тому

    Do I need to include 401k and IRA accounts as assets ?

  • @guyandoren
    @guyandoren 9 місяців тому

    Is there a certain minimum amount of non-retirement assets or income whereby it would be a waste of time to fill out the FAFSA? For example, if your assets are over X millions or if parent's income is over $350K/year? I realize that things may change if you have multiple kids in college but just wanted to know at what point does it become pointless to go through this process. Thanks.

  • @destinniii2180
    @destinniii2180 9 місяців тому

    if you receive federal benefits, you dont have to put your parents finances? Are you able to just submit it?

  • @dianegraves2668
    @dianegraves2668 9 місяців тому

    This was very helpful and clear. Thank you very much for putting it together!

  • @AltaARIAS
    @AltaARIAS 9 місяців тому

    Thank you for the step by step walkthrough, it is a great help especially for those who have not knowledge on how to complete this form. Greatly appreciated

  • @alenadedominic9108
    @alenadedominic9108 9 місяців тому

    If I cannot finish it in one sitting will it save? Or does it have to be completed in one sitting?

  • @thesuperiorfootage1605
    @thesuperiorfootage1605 9 місяців тому

    In the student assest section as a peraon who dosent work with not being involved in any of the quuestions will it just be 0 0 0

  • @lashantuadotch-hy2pr
    @lashantuadotch-hy2pr 9 місяців тому

    He didn’t do it right because at the end it’s supposed to say Congratulations. There’s something he didn’t do.

    • @NicoleKeating-wj1sp
      @NicoleKeating-wj1sp 9 місяців тому

      He’s walking thru a demo, he’s not actually applying.

  • @daveblah5976
    @daveblah5976 9 місяців тому

    Yoo please reply me I can’t access the signature aspect and seems others have been having the exact problem

  • @Aj-xo3fg
    @Aj-xo3fg 9 місяців тому

    My dad is having trouble with the signature part since him and my mom fail jointly every time my dad puts my mom Information in and try continuing there a red box that pops up we’ve tried calling help hotline but it was a no go so idk what to do now

    • @collegemoneymethod
      @collegemoneymethod 9 місяців тому

      Unfortunately, this is a technical problem with the FAFSA. You might try to call Federal Student Aid for help with next steps. studentaid.gov/help-center/contact

  • @yamatomusashi1412
    @yamatomusashi1412 9 місяців тому

    Thank you. For students filing the paper-based application and mailing it with post office, do they still need to create an FSA ID number?

    • @collegemoneymethod
      @collegemoneymethod 9 місяців тому

      Yes, students should still create an FSA ID because after the paper FAFSA is processed, they will manage the FAFSA and federal student aid benefits on studentaid.gov, which requires an FSA ID to login.

    • @yamatomusashi1412
      @yamatomusashi1412 9 місяців тому

      @@collegemoneymethod Thank you for prompt reply. So students should create FSA ID for future logins to access their accounts on studentaid.gov. What about parents? Do they also need FSA ID to login and access their child's account in future? Thank you again for your help.

  • @jeannemunoz6527
    @jeannemunoz6527 9 місяців тому

    Very clear and thorough. Thank you for breaking things down and explaining why they ask certain financial questions because it helps us fill out knowledgeably.

  • @loglaw-m1i
    @loglaw-m1i 9 місяців тому

    So single parent filing with foreign taxes and other the other parent know about is unknown. Then does the IRS retrieval shows zero itself? And what to fill up about the other parent? In short how not to get the form rejected in these cases?

  • @karenwhite6062
    @karenwhite6062 9 місяців тому

    I have a question on checking/savings totals. I am on my 85 yo fathers accounts to help him pay his bills, but its his money that he gets deposits from his social security and his pensions. Do I include those amounts in my total?

    • @collegemoneymethod
      @collegemoneymethod 9 місяців тому

      No, you would not have to claim that if it's a joint account for purposes of helping your father with his finances.

  • @dragonslayer0292
    @dragonslayer0292 9 місяців тому

    What if I accidentally clicked on yes to only apply for a direct unsubsidized loan. Will I be able to change it? What do I do?

    • @cert1fiedoffender
      @cert1fiedoffender 9 місяців тому

      wait until the form has been processed and you *may* be able to change it.

  • @jamiefry2695
    @jamiefry2695 9 місяців тому

    Do both parents need to be invited and do both parents need to fill out the form if they are married and file joint?

    • @collegemoneymethod
      @collegemoneymethod 9 місяців тому

      No, if parents file taxes "Married filing jointly" then only one parent needs to be invited and contribute to the FAFSA.

  • @wattabellaclub
    @wattabellaclub 9 місяців тому

    Thank you for your explanation! In the foreign income exclusion section: if the number is negative, then can I put a minus? or just put zero? ex). - 50000

    • @collegemoneymethod
      @collegemoneymethod 9 місяців тому

      You're welcome. You should put the positive amount of the foreign income exclusion.

    • @wattabellaclub
      @wattabellaclub 9 місяців тому

      Thank you @@collegemoneymethod

  • @PrettyThings00
    @PrettyThings00 9 місяців тому

    what if i dont have parents or spouse ? whos gonna be my contributor?

  • @LisaKendel
    @LisaKendel 9 місяців тому

    Why am I not seeing the parent asset questions on mine? Please help???

    • @collegemoneymethod
      @collegemoneymethod 9 місяців тому

      There are three reasons why a parent may not have to answer the parent asset questions. More information can be found here: www.collegemoneymethod.com/new-paths-to-excluding-parent-assets-from-eligibility-calculation/

  • @avneryakubov2277
    @avneryakubov2277 9 місяців тому

    Hey, all my credentials are correct but the direct data exchange page isn’t popping up for me. Any solutions?

  • @umreth
    @umreth 9 місяців тому

    I am a student made less to $2K / year so I did not file the tax returns but I have open Roth IRA for the income I made from working. Do I need to include that Roth IRA balance in "Current Net Worth of Investments, Including Real Estate" Reply

    • @djmtgmikethegreek
      @djmtgmikethegreek 9 місяців тому

      No need

    • @collegemoneymethod
      @collegemoneymethod 9 місяців тому

      No, a contributor never includes balances or amounts in any qualified/retirement account.

    • @kiddan605
      @kiddan605 8 місяців тому

      if you haven't filed 2022 IRS Form 1040 or 1040-NR?,do you click no?because i havent even been in the work force and im a senior in hs

    • @kiddan605
      @kiddan605 8 місяців тому

      if you haven't filed 2022 IRS Form 1040 or 1040-NR?,do you click no ?because i havent even been in the work force and im a senior in hs@@collegemoneymethod

  • @yvonnegreen-zf3bc
    @yvonnegreen-zf3bc 9 місяців тому

    Excellent - very clear. TY

  • @kimothoerick
    @kimothoerick 9 місяців тому

    your videos are very informative. please do a video on how to fill FAFSA form for someone who does not have any parent

  • @gabbym8008
    @gabbym8008 9 місяців тому

    How do you edit the form after you’ve submitted ? Is there a way to edit it before fafsa can determine the amount of money you’ll be receiving? Their new website made this so confusing for me

  • @RobinGiacin
    @RobinGiacin 10 місяців тому

    How does the contributor go from using their cell phone to using a desktop to input their infomation

  • @maggieg8tr556
    @maggieg8tr556 10 місяців тому

    I am really confused with the new FAFSA. Separate not legally divorced. Filed 22 as married. salary >150K Income 2023 (due to separation) is in the 30's with a second child applying to college. Wont the taxes for 22 affect the SAI? How to I report this on the new FAFSA? please help

  • @enchantingcinder5176
    @enchantingcinder5176 10 місяців тому

    if i was born and raised in texas what do i put for my date the student became a legal resident of texas?? do i put my birthday?

  • @josuealvarado3963
    @josuealvarado3963 10 місяців тому

    What happens if you accidentally clicked yes for the unsubsidized loan only because I didn’t know what it meant. And finalized it 😓

    • @nxronite9994
      @nxronite9994 10 місяців тому

      I’m pretty sure you can edit and resubmit like previous years

  • @natalieflores3980
    @natalieflores3980 10 місяців тому

    So I made an account for both my mom and I. Does it matter which account I do my fafsa form on or do I have to fill out the form on both accounts?

  • @Cristian_that_artist
    @Cristian_that_artist 10 місяців тому

    If Im a citizen in california do I still fill out the legal residence date question?

  • @nguyenanh8388
    @nguyenanh8388 10 місяців тому

    I was loggin in to my parent account but I dont see anything to sign, When I did my section it also have my parent section in there so I just sign 1 time, it not look like your. What can I do right now? I'm so confused.

  • @AiamdraEstrella
    @AiamdraEstrella 10 місяців тому

    If you are a returning student should you still choose a "new form" or "Edit existing form"?

  • @SS-xy8js
    @SS-xy8js 11 місяців тому

    With the delay in 2024-25 Fafsa, do parent have a choice of using 2023 T/R instead of 2022 T/R?

  • @MikeMaryandRusty
    @MikeMaryandRusty 11 місяців тому

    I didn't see where you would report Veteran's Compensation or SSDI on the form. Do you know how that income will be reported?

  • @sacramento7721
    @sacramento7721 Рік тому

    Alcina Tran in the background blasting the TV @22:37 🔊

  • @shayh4554
    @shayh4554 Рік тому

    Hello i am 35 years olds starting college in july i am waiting for the 24-25 fasta to come out.I am married but have been separated for 7 years.I am not legally separated due to how much it cost I live in texas.but we have been living in different households since 2016 so my question is what documentations would i need to provide to them to prove that we are separated.since we are not legally divorced.

  • @sadem2592
    @sadem2592 Рік тому

    What if students don’t have a tax return?

  • @roberthardenjr28
    @roberthardenjr28 Рік тому

    My students aunt has been buying the savings bonds for them since birth. Do they report that as a student asset?

  • @roberthardenjr28
    @roberthardenjr28 Рік тому

    Do both parents have to create their own FAFSA I'd or just one?

    • @armandotalamantez341
      @armandotalamantez341 Рік тому

      From my understanding, only one is needed. Two can be created in case the other parent wants to enter information too. Unless the parent is undocumented, they do not create an FSA ID

  • @mirnacastillo3525
    @mirnacastillo3525 Рік тому

    Hello, I been separated for 6 years. Divorce is in court process. I have been filling as head of household. I know I am the only one required to fill fafsa because my daughter has been living with me since then. So the question is what status do I fill? Since I been separated but not legally divorced. Thank you for all your help.

    • @collegemoneymethod
      @collegemoneymethod Рік тому

      If your divorce is not legally finalized at the time of application, you would choose separated.

    • @mirnacastillo3525
      @mirnacastillo3525 Рік тому

      @@collegemoneymethod I was told if is not finalize I have to put married since I don’t have a proof of divorce yet. Hopping is not true. Please advise. Thank you for your quick response.

    • @collegemoneymethod
      @collegemoneymethod Рік тому

      This is not the case. I have been in trainings directly with Federal Student Aid. If you are separated, you will choose separated, and be the sole parent contributor to the FAFSA if you provide your daughter's greater financial support in the 12 months prior to application.

    • @RobinGiacin
      @RobinGiacin 10 місяців тому

      If you didn't consent and submitted the fafsa do u have a chance to correct that decision?

    • @RobinGiacin
      @RobinGiacin 10 місяців тому

      How does a contributor go from their cell phone to a desktop to enter their information?

  • @toomanyboys
    @toomanyboys Рік тому

    So if you do own a farm, but have a family size of 9 and all seven kids are on Medicaid and one on WIC, will you be exempt from reporting assests?

    • @collegemoneymethod
      @collegemoneymethod Рік тому

      Yes, according to the new FAFSA rules, you would be exempt for reporting any parent assets, including your farm.

  • @krishnasmritikumar8544
    @krishnasmritikumar8544 Рік тому

    I have a unique case where my son lives and studies in the US IN his senior year so going to apply for fall 2024. I am a non-US citizen living overseas . How will I create the FSA ID?

    • @collegemoneymethod
      @collegemoneymethod Рік тому

      Is your son a US citizen or have status? That will allow him to apply for Federal Student Aid with the FAFSA. See this link : studentaid.gov/understand-aid/eligibility/requirements/non-us-citizens The process to create an FSA ID without a social security number has yet to be announced by the Department of Education.

  • @bumioh
    @bumioh Рік тому

    10:41