Valuable insights from Lynn O’Shaughnessy
a nationally recognized college expert.
FAFSA
August 7, 2014
Will Your Home Equity Hurt Financial Aid Chances?
Have you given any thought to how home equity might hurt your child’s chances for financial aid? Luckily, at most state and private colleges and universities, the equity in your primary home is a non-issue. That’s because most schools only require families to complete the FAFSA (Free Application for Federal Student Aid) when applying for financial aid, which doesn’t even...
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March 21, 2014
Who Isn’t Filing the FAFSA?
If you have a child in college or heading there this fall, have you filed the Free Application for Federal Student Aid yet? Many parents never do file it. In fact, according to the U.S. Department of Education less than 55% of high school seniors compete the FAFSA. That’s a depressing statistic when you consider that low and middle-income students...
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January 6, 2014
It’s Time for FAFSA Questions
You can learn much more about how to afford college by enrolling in my upcoming online course – Cutting the Cost of College. I designed this course to help you save money by making you a smart college shopper. Lynn O’Shaughnessy Now that we’re officially into the 2014-2015 FAFSA season, I wanted to answer some questions on my college blog...
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January 2, 2014
Need FAFSA Help? Here are 6 Resources
January 1 marks the start of the FAFSA season. If you will be applying for financial aid this year for a new or returning college student, it’s time to tackle the Free Application for Federal Student Aid. Unfortunately, it’s easy to make mistakes on the forms and these errors could cost you a ton of money. Resources exist, however, to...
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December 10, 2013
Who Should Complete the FAFSA?
FAFSA season is fast approaching, which always brings questions about who should complete this federal financial aid application. For the 2014-2015 school, year, the Department of Education has issued new rules impacting some parents about who should be completing the FAFSA. Here is a rundown of what you need to know: Traditional Married Couples If you are part of a...
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November 18, 2013
How Admission Offices Use Big Data to Track Students
Today I’m running an excerpt of a post that W. Kent Barnds, the executive vice president of Augustana College in IL, wrote in the Huffington Post. He was comparing the college admission process to what the National Security Administration does. What I find fascinating about the post was the insider view he provided on how college admission offices are using...
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October 30, 2013
A Dirty Little FAFSA Secret
If you’ll be filling out the FAFSA during this admission season for a high school teenager, be careful how you list the colleges that your child will be applying to. Colleges could use that information against you. Some schools — no one knows how many – are checking the FAFSA to see in what order an applicant lists his or...
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October 14, 2013
Why College Savings Usually Won’t Hurt Financial Aid Chances
Many parents worry that their college savings accounts will kill their chances for financial aid. Most families, however, who have saved for college are not hurt in student financial aid considerations. Here are the two biggest reasons why saving money often won’t jeopardize your financial aid chances: 1. Colleges don’t care how much you (or your child) has saved for...
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October 4, 2013
Do You Know What Your Expected Family Contribution Is?
Do you know what your Expected Family Contribution is? If you don’t, you should make it a priority to obtain this number. I’d argue that families need to know what their preliminary EFC is long before they begin looking at colleges. Unfortunately, most families don’t have a clue about what their EFC is until their children are seniors in high...
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July 29, 2013
Seven Things to Know About Scholarships
Today I’m sharing with you a guest blog from Michelle Kretzschmar, my friend and the creator of Do It Yourself College Rankings. Michelle and I are busy developing an online class for parents that is focused on shrinking college costs.We hope to roll out the course in the fall. Lynn O’Shaughnessy As the cost of attending some the nation’s colleges...
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