If you need financial aid to help you pay for college, you must complete the Free Application for Federal Student Aid (FAFSA®) form. The 2018–19 FAFSA form will be available on Oct. 1, 2017. You should fill it out as soon as possible on the official government site, fafsa.gov. It’ll be easier to complete the FAFSA form if you gather what you need ahead of time. Below is what you’ll need to fill it out. 1. Your FSA ID* An FSA ID is a username and password that you can use to log ....
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Today, U.S. Secretary of Education Betsy DeVos announced a stronger approach to how Federal Student Aid (FSA) enforces compliance by institutions participating in the Federal student aid programs by creating stronger consumer protections for students, parents, and borrowers against "bad actors." FSA is an office within the U.S. Department of Education. "Protecting students has always been my top priority," said Secretary DeVos. "This new approach will enhance our efforts on our oversi....
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Contrary to belief, college financial planning is not all 529 plans. Many 40 and 50-year-olds DO have money and will have more money as they age. Many are HENRYs (High Earners, Not Rich Yet). You can sell annuities to clients with high school students who want to pay for college with grant and scholarship aid; and cash value life insurance to younger clients with elementary and middle school students who want to save for college, without wrapping themselves up in the 529 quagmires. Robo advisor....
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If you didn’t make payments on your federal student loans and are now in default, don’t get discouraged. It may seem like an overwhelming situation, but you have multiple options for getting out of default. Remember, it’s in your best interest to act quickly to resolve the default, because the consequences of default can be severe. If you have a defaulted federal student loan owned by the U.S. Department of Education (ED), immediately contact ED’s Default Resolution Group. They wil....
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