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2024-25 FAFSA Walkthrough and Demo for High School Seniors

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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.collegemon...
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.

Опубликовано:

15 авг 2024

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Комментарии : 38

@jeannemunoz6527 6 месяцев назад

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.

@collegemoneymethod 6 месяцев назад

You are so welcome!

@user-cv7de5mu8y 6 месяцев назад

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

@kimothoerick 7 месяцев назад

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

@dianegraves2668 6 месяцев назад

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

@user-th3wz5gn5d 5 месяцев назад

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?

@EstherBruno-fv5gr Месяц назад

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.

@yvonnegreen-zf3bc 7 месяцев назад

Excellent - very clear. TY

@collegemoneymethod 6 месяцев назад

Glad it was helpful!

@thesuperiorfootage1605 6 месяцев назад

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

@user-qe2kp7go3u 6 месяцев назад

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?

@guyandoren 6 месяцев назад

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.

@tabby35b 5 месяцев назад

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

@destinniii2180 6 месяцев назад

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

@alenadedominic9108 6 месяцев назад

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

@daveblah5976 6 месяцев назад

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

@carolashley3933 6 месяцев назад

How do know if you were approved

@user-jf4cx3tg6r 7 месяцев назад

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

@collegemoneymethod 6 месяцев назад

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/

@Aj-xo3fg 6 месяцев назад

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 6 месяцев назад

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

@karenwhite6062 6 месяцев назад

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 6 месяцев назад

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

@wattabellaclub 7 месяцев назад

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 6 месяцев назад

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

@wattabellaclub 6 месяцев назад

Thank you @@collegemoneymethod

@yamatomusashi1412 6 месяцев назад

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 6 месяцев назад

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 6 месяцев назад

@@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.

@jamiefry2695 7 месяцев назад

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 6 месяцев назад

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

@umreth 7 месяцев назад

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

@djmtgmikethegreek5505 7 месяцев назад

No need

@collegemoneymethod 6 месяцев назад

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

@kiddan605 6 месяцев назад

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 6 месяцев назад

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