Quincy, MA (PRWEB) December 7, 2005
Students, parents, and families looking to qualify for more federal financial aid have a new guide in their search, the FAFSAonline.com FAFSA Walkthrough. In addition to helping students complete the FAFSA correctly, it offers tips for how students can qualify for the most federal financial aid possible. Top tips include:
1. File the FAFSA as close to January 2, 2006 as possible. There is a fixed pool of financial aid such as grants and subsidized loans available each year on a first come, first served basis. The sooner the FAFSA is filed, the more likely a student is to qualify for this pool of financial aid.
2. Students can work at summer jobs and earn up to $2,440 in wages before wages impact financial aid eligibility. According to federal guidelines, wages for students are exempt from consideration until students have earned $2,440, at which time their wages begin to impact their eligibility.
3. Prior to filing the FAFSA, students should transfer any and all assets out of their name, including money from checking, savings, investments, and any other sources of income. Assets in the student's name greatly detract from aid eligibility.
4. Grandparents can make partial or full payments directly to the university and avoid both the gifting tax and impacting a student's aid eligibility. This is true of grandparents, uncles, and other non- parental relatives.
For additional FAFSA tips and ways to improve eligibility for federal financial aid, students, parents, and families are encouraged to visit http://www.FAFSAonline.com and file their FAFSA for free.
FAFSAonline.com is a service of the Edvisors Network, a multi- national education services company offering students options for managing the entire education life cycle, from getting into their college of choice to financing their education and beyond. The Edvisors Network is based in Quincy, Massachusetts and London, England. Visit them on the web at http://www.EdvisorsNetwork.com for more information.
Contact Christopher Penn with questions at firstname.lastname@example.org or call 617-328-1565.