Best FAFSA tips: How to get the most financial aid | How to | GBR


Hello, I’m Jennifer, Junior Editor at GoBankingRates.com. Today we’re talking about the free application for Federal
Student Aid, also known as the FAFSA. The FAFSA is available to part-time and
full-time students. The types of financial aid available through the
FAFSA is a Pell Grant, State Grant, Perkins Loan, Stafford Loan and the
federal work-study program. Financial aid is awarded on a first-come first-serve
basis. Often states have their own priorities deadline, for example
California’s state deadline is on March 2nd. If you miss the state deadline
don’t worry. the federal deadline isn’t until June 30th so you do still have
time to submit your application. There are three options to submit the FAFSA. The first is to go to www.fafsa.ed.gov. From here you can submit your application online. The second option is to go to the website and download a PDF document. From there, you can submit the FAFSA by mailing in the form. The third option is to contact 1 (800) 4-FED-AID and request a traditional paper document. When completing the FAFSA online, make sure you’re on the FAFSA website not a third party website. Third party websites often charge a fee in order to complete the application on their site. Again this application is a free application for
federal student aid. Before filling out a FAFSA you’ll need to have a few
documents on hand. The first is your social security card. If you don’t have
your social security card on hand, then make sure you’ve memorized the number by heart. Second, is a driver’s license if you have one. You’ll
also need your w-2 form and your most current federal income tax return. Also,
any bank statements and investment records will be helpful. Filling out
a FAFSA is pretty straightforward, but here are some
questions that some students have. The FAFSA will ask you to list all assets to
be used on educational expenses. Equity on stocks, bonds, college savings accounts, like a 529, businesses, farms and a second home are all considered assets. What’s
not considered an asset is your primary home and retirement accounts like a 401k. Typically, yes,
work-study earnings are taxable for federal and state taxes. However if you
work part-time and are enrolled in school full-time you may be exempt from
the FICA tax, which is funds allocated to Social Security and to Medicare. Ideally you shouldn’t wait to file your
FAFSA. Financial aid is awarded on a first-come, first-serve basis and there
is an option when filling out the form to state that you have not filed your
taxes but intend to file. By choosing this option you’ll be able to still
submit your application on time by the priority deadline and get the maximum
awards available to you. Then once you have filed, you can go back into your
FAFSA application and make the corrections. The government requires that
you list your assets and your parents’ assets when filling out the FAFSA form. In order to claim yourself as an independent and avoid listing your
parents’ assets on the form, you have to meet certain qualifications. You may file
the FAFSA as an independent if you are 24 years old or older, an orphan, ward of
the court or were a ward of the court until 18 years old, if you are an
emancipated minor or an unaccompanied youth at risk for homelessness on or
after July 1st of the current year, a veteran of the US Armed Forces, a
graduate student or professional student, are married, or have legal dependents
like children and if you have unusual circumstances as deemed by a financial
aid administrator. If you don’t meet any of these qualifications you still need
to provide your parents financial information for the FAFSA even if you
don’t live with them or have filed your own taxes. For more information on
student loans visit GoBankingRates.com. Thank you for watching and good luck on
filling out your FAFSA.

76 comments on “Best FAFSA tips: How to get the most financial aid | How to | GBR”

  1. Lewis Bosworth says:

    Hi Kintercept. I'm not sure what Jenn will say, but I'll throw my $.02 in. I'm older than you and more or less in the same boat, so all I can offer is what I'm doing. First thing is, at our age, we have a lot of valuable real world experience that the young bucks don't. These days, a degree has it's worth, but not as necessary as you might think. I suggest picking the field you're interested in and doing all the research and learning you can yourself. For example, I'm working to make…

  2. Lewis Bosworth says:

    …ends meet, but in my free time, I'm educating myself on MS products and A+ certification. In time I will be as expert as anyone else in these fields and have paid nothing but time to achieve it. Pick a field, see if a professor from a local college can provide you with the logical path to a "degree", ask if he wouldn't mind donating a text book or two to that end, and dig in. Join forums and ask questions when necessary. If you want to chat or need more info, PM me.

  3. girlscoutcookies916 says:

    shes trying too hard not to fuck up.

  4. PANDA REVIEWED says:

    No Tips, Just Shit You Already Know… FAIL!

  5. Elliott17 says:

    "Get the most"? This is a basic. Video should be retitled, "Intro to fafsa".

  6. Joshua Babineaux says:

    Awesome! I've just received my free minecraft giftcode!

    >> minecraftnow.us <<

  7. Marla Singer says:

    strip your way through college

  8. Snake Eater says:

    fasfsafsafsafsafwafsaf

  9. giovanni dorantes says:

    I'm a junior in high school, would I still be able to submit it this year and next

  10. baae755 says:

    nope, its better to apply ur senior year one u get ur tax return , it begins jan 1st and the deadline is jun 30th.. but remember first come first serve

  11. Martinoooh says:

    great information. thank you

  12. Martin Camilo says:

    Do i have to use a computer can I go to the website using my phone?

  13. tallkekepink95 says:

    Hi my deadline for my fasfa map grant was February 27th but I did my estimated fasfa on January 3 then once my mother and I received out tax forms we went back to make corrections on February 28th will I still be able to receive a map grant?

  14. Blackfeather Alexander says:

    OoOooOo she's sooo hot. >_<

  15. kunibbachan chan says:

    selamat malam.terima kasih,salam sukses selalu

  16. Omoiyari23 says:

    my parent says that she does not make enough money to file taxes do you need to add that?

  17. Echad Lev Shtim says:

    WTF!!!   I am just now hearing about this from students at work.  I live alone and dont make more than 22,000. I cant believe this is happening,  I am so eager for re- education after dropping out of college back in the 90's because I needed to take on more work hours to feed and pay my bills.  Will this change my life>>? I think this will run out quick if I dont take it now.

  18. Echad Lev Shtim says:

    I am hearing that the GRANT is within a 2.5 or 2.0 grade point average.  Is this true??  As well as taking online classes to gain your graduates degree?

  19. Echad Lev Shtim says:

    When is the very 1st day you can apply for aid? As it is a 1st come serve basis. I am too late now,  so what would be the date to apply for 2015?

  20. blairbear904 says:

    The tittle of this video should not be Top FAFSA Tips: How to Get the Most Financial Aid it should be Top FAFSA Tips: Info for Starting the Financial Aid Process

  21. Penguins Are my favorite dinosaur says:

    She scerd

  22. Francisco de la luz Gonzalez says:

    W2 's please

  23. PeopleWant Ducks says:

    What if your parents are separated and NEITHER of them want to give you their info and the one you live with is as dumb as rocks? 

  24. Adnan Shaikh says:

    Are you studying @ utd i saw you there

  25. ceasar Square says:

    How long do it takes to receive your finicial aid after u submit your appercation

  26. Michael Chen says:

    please visit 美国华人获得大学助学金及税务规划知识的最权威平台

  27. Raven Von Kuervo says:

    What if one of your parents are illegals and not filing taxes and doesn't have a social security number. What if your father who is legal doesn't want to use his social security number and tax information for whatever reason? He did say that he was afraid of getting charged for something.

  28. William Perryman-Ortiz says:

    although fafsa does help greatly with my tuition, i still need a lot of help so if anyone has anything to donate please any donation helps gofund.me/jpcpabn8

  29. Bernie H says:

    My parent just won't help me get loans and it's almost two years since I graduated I'm still only 19 that really sucks don't know what to do

  30. evrard fankam says:

    do you pay back small portion of financial aid back??

  31. Fernando Medina says:

    Id hit

  32. Izamae Purcell says:

    If you get approved do you have to have a bank account to receive it or does it go straight to the school?

  33. Alimamy Sesay says:

    Hi,is this financial aid qualify for African students.Please respond.

  34. Travis G says:

    Can you make a reupload with a guy? I couldn't concentrate as I was thinking about…food… yeah that's it, lovely, moist, sensual… food.

  35. MYRLA RUIZ says:

    Estoy tan sorprendida, no sabia muchas cosas que se explican aqui

  36. justin rob says:

    Can you get financial aid while working full time because you need money to support a child or will they give you extra money for having a child

  37. J.P.J bgh says:

    i need w2 asap

  38. nagayon says:

    ぴゃー

  39. The Adanator says:

    This isn't helpful at all.

    People, you have to do it on your own. I did it on my own, and I'm doing just fine.

  40. Linkdude678 says:

    dathings brought me here

  41. saxman112 says:

    If you don't have your sos security card on heart, then make sure you've memorized the number by hand

  42. Danny says:

    Collegehumor brought me here

  43. Briana R says:

    Do you get more aid if you file as independent rather than dependent? they say im an independent now and i don't have to enter my parent's tax info on Fafsa.

  44. Jean Hill says:

    iam need get classes asap

  45. Jean-Eider Pierre-Louis says:

    This fine thang is the reason I watched the video.

  46. SeekTV says:

    omg she is so hot

  47. Akshar Patel says:

    Anyone that could help me reach my goal for funding my college endeavor would be greatly appreciated!!

    https://www.gofundme.com/fundakshar

  48. Brave boy 1million says:

    You are beautiful and you are helpful

  49. Just Javiel says:

    Good vid

  50. Curtis Morgan says:

    How do I know if I have TOPS??

  51. Mens Trends HQ says:

    Too rehearsed. Like reading word for word from a screen behind the camera. Make the videos flow easier and not sound so much like a robot. I quit watching after about a minute and a half for this reason

  52. jeferson adolf says:

    What if I started working 6 months ago but I haven’t done my taxes?

  53. Patel Vidhu says:

    Most of financial aid comes in form of loan that you have to repay. So keep your expense low and try to repay loan as early as possible.

  54. Destined Star says:

    plan b all day

  55. zuzu mohamed says:

    I tried to fill the application ,my problem is the application ask for the Tax for the year 2016 and I don't have Tax for that year because I'm on the SSI , I got for 2012,2013,2014, no 15, no 16, and the application stop here ,what shall I do?

  56. iRep!_ says:

    Who else came here to confirms that at not FASFA

  57. Albert Casillas says:

    Find funny how she give advice to help students then to have some say “I’ll smash her” I fucken love YouTube comments

  58. kênh tổng hợp says:

    like sub

  59. Caleb Hansberry says:

    Hi out there! It's me, Steve! Have you seen my puppy, Blue?

  60. 21guitarworld says:

    If robots are threatening you, blink twice

  61. Stella The Panda Princess says:

    I help college students get money http://track.fiverr.com/visit/?bta=10334&nci=5490&campaign=26847.Click now.

  62. AfroSnackey says:

    she bad..

  63. Star Shine says:

    I’m screwed

  64. Joe Coronado Jr says:

    WHAT IF BOTH YOUR PARENTS ARE DECEASED AND YOU ARE OVER 21 YRS OLD CAN YOU FILE AS AN INDEPENDENT STUDENT?

  65. omar kanteh says:

    i need the link to my email plz can someone hlp [email protected]

  66. Johnny Quest says:

    Thank you for your information and my goodness you are beautiful.

  67. Taghreed Riyati says:

    Is there any effect for not getting the green card while I have the fafsa

  68. CHARR KR says:

    i am in love with your content new subby!!!!

  69. Toronto McCoy says:

    is the deadline for turning in the application or registering for classes and housing etc?

  70. ILLUMINATI CONFIRMED says:

    Whats your number? Youre a hottie

  71. Asma Zainab says:

    Hi I'm messed up last semester. Failed 2 classes now they only giving me Pell grants not tap if I have better grades on early they will give me part time tap award

  72. GBR says:

    Want to know Warren Buffett's investing secret?: https://youtu.be/7jrx5gCn1fE

  73. Yancy Jarquin says:

    If I go to college 1 year after I graduated high school can I still apply for fasfa?

  74. Maverlous Kendal says:

    Never taught of resuming school back since I lost my parents in a car accident and staying with my aunt was so bad because she couldn’t afford my school fee till I was recommended to Hacker Douglas.

  75. Dana Kelley says:

    Beautiful girl

  76. sheila wilson says:

    So very helpful. Thank you for sharing!

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