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Early action vs. regular decision: financial aid strategies for college from college financial aid advisor Jodi Okun

Early Action vs. Regular Decision: Which Is Best for Your Financial Aid Strategy for College?

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 As a high school senior, you’re juggling a lot—essays, recommendations, deadlines, and, of course, the pressure of figuring out how to pay for college. Among all these decisions, one of the most important is when to apply. Should you go for Early Action or stick to the more traditional route with Regular Decision? If your family is navigating the financial aid process, the timing of your application can impact your financial aid strategy, too. Early Action vs. Regular Decision: The Basics Early action applications are typically due in early November and you hear back by mid-December. It’s also non-binding. If you’re admitted, you’re not required to attend. You have until May 1st to decide. You will still receive your financial aid package along with your acceptance decision. But you’re not required to make a decision on financial aid immediately. Regular decision applications are due in January and you’ll receive decisions in March or April. Students then have until May 1st (National College Decision Day) to decide where to attend. You can apply to as many schools as you like. You’re not committed to attend any particular school until May 1st. Additionally, you’ll receive your financial aid package after your acceptance (typically in March or April), but you have more time to evaluate the offers. How Does Timing Impact Your Financial Aid? The timing of your application—whether you choose Early Action or Regular Decision—can influence both the financial aid options available to you and your ability to make a fully informed decision. With Early Action, you may receive your admission decision in December, but financial aid offers often won’t arrive until later. This can create some uncertainty if you’re admitted early. You must make decisions about your future without knowing your full financial picture.  On the flip side, Regular Decision applicants typically hear back in March or April and will receive both their admission and financial aid offers at roughly the same time. This gives you more time to review the financial aid packages from all of the schools you’re considering, which is especially important when comparing grants, scholarships, and loans. Comparison Shopping for Financial Aid When applying via Regular Decision, you have the benefit of applying to multiple schools and having a clearer understanding of your financial aid options. This is crucial for families who are trying to balance college affordability with their ideal school list. If you’re accepted to multiple schools, you’ll be able to compare the financial aid offers you receive. This includes comparing scholarships, grants, federal loans, and work-study opportunities. By receiving your financial aid package later, you’re in a better position to make a fully informed decision. With Early Action, while you may have your admission decision early, the financial aid offers typically don’t arrive until later. Therefore you may not have as much time to compare offers. Additionally, some schools may prioritize financial aid packages for Regular Decision applicants to ensure they’re fully funded before offering aid to those applying earlier. The Risk of Missing Out on Potential Aid Some schools have limited financial aid resources, especially merit scholarships, and they award aid on a first-come, first-served basis. For students applying via Early Action, there may be an advantage if you’re applying to schools that give out merit-based scholarships.  However, applying early does not guarantee better financial aid. In fact, some colleges may allocate the majority of their available financial aid funds to Regular Decision applicants. This is particularly true at schools where aid is not awarded on a rolling basis. Need-Based Aid and FAFSA Timing Need-based financial aid is determined by the Free Application for Federal Student Aid (FAFSA). Many schools use the FAFSA and CSS Profile for additional aid analysis. These forms open on October 1st each year (December 1st this year!!). It’s advisable to submit them as soon as possible, regardless of whether you’re applying Early Action or Regular Decision.  Which Should You Choose? Early Action or Regular Decision? Ultimately, whether you choose Early Action or Regular Decision should depend on your specific financial aid strategy and your priorities.  If you’re relying on need-based aid and want to compare financial aid offers from multiple schools, Regular Decision is likely the best choice. It gives you more time to evaluate your options. You can receive all your financial aid packages, and make a more informed decision. If merit scholarships are a significant part of your financial aid strategy, applying Early Action may help you secure funding sooner. This is especially true at schools that offer automatic merit-based scholarships for early applicants. If peace of mind and knowing your college admission status early are important to you, Early Action can relieve some of the stress of waiting for an acceptance decision. Just be prepared to potentially wait a little longer for financial aid offers. No matter which route you take, make sure to stay on top of FAFSA deadlines and research your schools’ financial aid policies. Don’t forget to seek advice from your school counselor or aid advisor to make the best decision for you and your family. Happy applying, and good luck with your financial aid planning! More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. From completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options, Jodi is a fantastic resource when it comes to student financial aid. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

Early Action Applications: gain admission to college early without financial aid pressures hared by college financial aid advisor Jodi Okun

Early Action: Gain Admission to College Early Without Financial Aid Pressure

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As a high school senior, the college application process can feel like a marathon. Between preparing your essays, gathering letters of recommendation, and making sure you meet all the deadlines, it’s easy to get overwhelmed. One option that can ease some of that stress is applying through Early Action. If you’re looking to gain admission to your dream school without the added pressure of figuring out your financial aid package right away, Early Action might be the perfect choice for you. What Is Early Action? Early Action is an application process that allows students to apply earlier than the regular application deadline. Typically, the application deadline for Early Action is early to mid November and applicants usually receive their admission decision by mid-December. What sets Early Action apart from other options, like Early Decision or regular decision, is that it’s non-binding . This means that if you’re accepted through Early Action, you’re not required to attend that school. You still have until May 1st (National College Decision Day) to decide which school you’ll commit to, just like regular applicants. Key Benefits of Early Action #1: Peace of Mind with Early Acceptance  One of the biggest advantages of applying Early Action is knowing your college admission status sooner. Instead of waiting until March or April to hear back, you can receive your decision by December. This gives you plenty of time to plan your next steps. Getting into a school early can also help reduce anxiety during the second half of your senior year. You won’t be spending months stressing over whether or not you’ll be accepted—by the time the holidays roll around, you’ll have a clearer picture of your future. #2. More Time to Focus on Other Priorities  Once you’ve submitted your Early Action application, the majority of your application work is done. This allows you to focus on finishing up the rest of your senior year on a strong note—whether that’s excelling in your classes, preparing for final exams, or participating in extracurriculars. Without the looming worry of outstanding applications, you can enjoy your senior year and head into the second semester with a bit more peace of mind. #3.  No Binding Commitment  Unlike Early Decision, which is binding (meaning if you’re admitted, you must attend),  Early Action gives you flexibility . This means you can apply to multiple schools through Early Action. Once that’s done, compare your acceptance offers, and decide which school fits you best. All of that happens without feeling pressured to commit right away. You can still apply to other colleges during the regular decision period. You’re under no obligation to attend the school that accepts you Early Action. #4.  Admission Without Financial Aid Pressure  A major benefit of applying Early Action is that, unlike Early Decision, you don’t have to make any financial aid decisions before accepting an offer. This is especially helpful for students and families who want time to evaluate their financial aid packages from multiple schools before making a final decision. If you’re applying to schools that offer need-based financial aid, early action gives you time to weigh your options. You’ll be able to make a more informed decision about which school to attend. Plus you’ll be able to look at the academic fit and the financial package. #5.  Possibly Higher Admission Rates  In some cases, schools may have higher acceptance rates for Early Action applicants. While this varies by school, some institutions may view Early Action applicants as more serious about their institution because they’re applying early, and they may accept a higher percentage of those students. Applying Early Action could give you a slight edge in the admissions process, especially if you’re applying to highly selective schools. #6.  Earlier Access to Campus Resources  Getting admitted early also means you can jump on things like campus housing, class registration, and sometimes even scholarship opportunities. Many schools open up scholarship applications to Early Action admits ahead of time. You may have the chance to secure funding before regular applicants. Early Action is an excellent option for high school seniors who want to get ahead in the college application process without the financial aid pressure that comes with other options like Early Decision. It allows you to receive your acceptance earlier, which can relieve some of the stress associated with waiting for decisions, while still giving you the flexibility to evaluate your options carefully. If you’re ready to take control of your college admissions journey, consider applying Early Action to your top schools. You’ll not only be able to enjoy the holidays with one less thing on your plate but also have more time to focus on the rest of your senior year. Good luck, and happy applying! More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. From completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options, Jodi is a fantastic resource when it comes to student financial aid. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

Your guide to applying for early decision: what high school students need to know before applying shared by financial aid advisor Jodi Okun

Your Guide to Applying for Early Decision: What High School Students Need to Know

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As college application season heats up, many high school students are weighing their options, and one popular choice is applying for Early Decision. If you’re considering this path, it’s important to understand what it entails and how it can impact your college journey. Here’s a breakdown of everything you need to know about early decision college applications! What is Early Decision? Early Decision is a special application process that allows you to apply to your top-choice college early—usually by early November. If you’re accepted, you’re committed to attending that school and must withdraw your applications from any other colleges. This commitment can be a great opportunity, but it’s essential to be sure about your choice before you apply. Why Consider Early Decision? There’s a few reasons to consider early decision applications. Many colleges tend to accept a higher percentage of students who apply early decision compared to those who apply during the regular decision round. This can be an advantage if you have a strong application. Applying early decision also demonstrates to colleges that you are serious about attending. This can work in your favor when admissions officers are reviewing applications. Getting accepted early can alleviate some of the anxiety that comes with the college application process. Instead of waiting until spring, you’ll know where you’re headed much sooner. Why You Might Not Want to Apply Early Decision Make sure that the school you choose for early decision is truly your first choice. This commitment is binding. There is no going back if you are accepted. Be sure that you like the school and the campus, and that it’s a good financial fit for your family. One other  downside of applying early decision is that you may miss out on comparing financial aid offers from different schools.  Applying for Early Decision can be a strategic and beneficial move in your college application process. It can provide you with an edge, reduce stress, and help you secure a spot at your dream school. Just remember to weigh your options carefully, do your research, and put your best foot forward in your application. Good luck and happy application season!  More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. From completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options, Jodi is a fantastic resource when it comes to student financial aid. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

What you need to know before starting your FAFSA journey, shared by college financial aid advisor Jodi Okun

What You Need to Know Before Starting Your FAFSA Journey

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Completing the FAFSA is one of the first steps that students and families must complete to start their journey to college. Through this application, schools determine how much funding a student is eligible for. This includes federal loans, grants, and work study programs. Last year, the FAFSA underwent some big changes and now, there’s a few more that families should know about before beginning to file their FAFSA. Here are a few key things you should know to maximize your financial aid opportunities:  Understand Dependency Status:  Your dependency status determines if you need to provide parental information. Most students under 24 are considered dependent, and require their parents’ financial details. If you’re an older student, this may not be the case. High school students are generally considered dependent students.  Student Aid Index (SAI):  The SAI is an index number calculated using the information you and your contributors provide on the FAFSA form. It can range from –1500 to 999999 and replaces the Expected Family Contribution (EFC) starting in the 2024–25 award year. Note that SAI is not a dollar amount but helps schools determine your financial aid eligibility. You can read more about the Student Aid Index here! A Contributor on the FAFSA: “Contributor” is a new term on the 2025-26 FAFSA form. It refers to anyone (you, your spouse, your biological or adoptive parent, or your parent’s spouse) who is responsible for potentially helping to pay. They provide their information, consent for federal tax information transfer from the IRS, and signature on your FAFSA form.  Remember, all students should complete the FAFSA, no matter what you think you may or may not get from filing. Aid is given on a first come, first serve basis! Submit your forms accurately and on time to ensure you are eligible for whatever aid you can get!  More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. From completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options, Jodi is a fantastic resource when it comes to student financial aid. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

FAFSA Made Simple: a beginner’s guide for the 2025-2026 application shared by financial aid advisor Jodi Okun

FAFSA Made Simple: A Beginner’s Guide for the 2025-2026 Application

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This time of year means that college applications are in full swing for high school seniors! There’s paperwork to submit, essays to write, and financial aid applications to send in. The most important financial document that students will file with their families this fall is the FAFSA, the  Free Application for Federal Student Aid. For the 2025-2026 application cycle, the FAFSA will come online in December. Since it is a shorter opening for the application, it’s imperative to be prepared to fill it out as soon as you can. Even without being able to file the form right now, there’s still plenty students and their families can do to be prepared to send in their FAFSA!  Why Do I Have to File the FAFSA?  The FAFSA is how the amount of aid a student receives via federal grants, loans,work study, and more is calculated. No matter what your financial situation, you should absolutely file the FAFSA. I can’t tell you how many times families have told me that they wouldn’t qualify – but the reality is that everyone should complete the FAFSA. You may never know what aid your student can receive! This is one of the most important documents to complete in the college application process. 2025-2026 FAFSA  As mentioned, this year’s FAFSA is being released later to accommodate the changes that were made last year – and to avoid any mishaps like last year’s filing. Because of that, the time for schools to review and approve aid will be shorter, though they will be more prepared than last year! Either way, you want to be prepared to complete it as soon as possible once it is available.  Prep Now Makes Submission Easier Even though it might seem like there is sufficient time before December, time moves fast. The first thing you will need to do, if you have not done so already, is obtain your FSA ID. All you have to do is create a unique username and password. This will give you access to the online FAFSA application. It will also serve as your legal signature for submitting the completed application after it’s complete. Once that is in place, start gathering the following documents and information: Social Security Numbers for students and parents, or Alien Registration Numbers for non-U.S. citizens. Driver’s license.  Any applicable bank statements and records of investments to document additional income. Records of untaxed income, such as child support. Names of potential colleges for applications. You can add up to 10! Independent students will only have to provide their personal information, while dependent students will need to provide it for themselves and their parents. When you are ready to begin filing your FAFSA, be sure that you only go to the Federal Student Aid website at https://fafsa.ed.gov/. Remember, while you may pay someone to help you file – the actual filing should not cost you any money! The form itself is pretty easy to follow, but I know it can feel overwhelming so don’t be afraid to reach out if you have questions! Good luck! More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. From completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options, Jodi is a fantastic resource when it comes to student financial aid. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.  

Breaking down FAFSA: the best tips for completing the FAFSA from college financial aid advisor Jodi Okun at College Financial Aid Advisors

Breaking Down FAFSA: Understanding the Application Process

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The world of financial aid can be daunting, especially when it comes to understanding the Free Application for Federal Student Aid (FAFSA). This form is one of the most important for students and families to file, if not the most important form to be completed. The FAFSA is the way that students qualify for federal grants, loans, and work-study opportunities. All of these programs are designed to make higher education more accessible. The process can feel scary if you don’t know where to start, which is why today I’m breaking down the FAFSA so you can understand the application process more clearly.  Filing the FAFSA 101: In the past, the FAFSA was available in the fall. But, due to recent changes in the form, this year’s FAFSA for the 2025-2026 school year will be available starting December 1st. It’s important to file this form accurately as soon as possible. Financial aid is first come, first serve in most cases – so you need to get your paperwork in as soon as you can.  Getting Started with the FAFSA To get started, both students and parents of dependent students need an FSA ID to log onto the FAFSA site and electronically sign the application. Have materials you will need readily available before you start, so you won’t lose momentum each time you need a new piece of data. Gather Social Security numbers, driver’s license information, and income/investment information. They will be using the FUTURE Act Direct Data Exchange to gather information from your last tax return, but it won’t hurt to have the other information on hand.  Both the student and the parent or parents of dependent students must provide financial information. Be very sure you understand who can be listed as your parent for financial aid purposes. Again, accuracy really matters here – any edits you have to make after submission will delay your aid.  Have Your College List on Hand:  You will be asked which schools are to receive your FAFSA. Have your list of  colleges available. You can include up to 20 schools. If you have more than twenty colleges, you can go back later and update your list. Most students won’t have more than 20, but it’s good to know!  Common FAFSA Missteps: Some of the following common missteps can impact your final aid amounts. Here’s a few things to watch for: Not completing an application at all: Don’t put yourself out of the running by not even applying. Most people are eligible for some sort of aid – don’t assume anything!  Proofing errors: Check your application carefully before sending it in. The name you use must exactly match the one on file with the Social Security Administration. Missing a deadline: There are several types of financial aid deadlines. Miss one and you could miss out.  Paying a fee: Although you may want to pay someone to help you complete your application, there is no fee to file a FAFSA.  Failure to sign: Use your FSA ID to electronically sign your FAFSA before submitting it online.  Completing the FAFSA is one of the most important steps in your college application process. Remember to file as soon as you can and be accurate in order to receive the best possible financial aid for the next step of your academic journey! Good luck!  More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. From completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options, Jodi is a fantastic resource when it comes to student financial aid. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

How to apply for FAFSA: tips for your starting your application for college funding shared by college financial advisor Jodi Okun

FAFSA 101: Your Essential Guide to Getting Started

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As students prepare for the exciting journey of attending college, one of the most important steps you’ll take is filling out the Free Application for Federal Student Aid, or FAFSA. This form is your ticket to accessing crucial financial support for your education, including federal grants, work-study opportunities, and low-interest loans. The earlier you complete your FAFSA, the better your chances of receiving aid, as many programs are limited and awarded on a first-come, first-served basis. This year, the application appears as if it will be fully live by December (instead of in the fall). Let’s break down how to get started! How to Apply for FAFSA Before you dive into the FAFSA, gather all the necessary documents. This includes your driver’s license, Social Security number, and your FSA ID. With the FUTURE Act Direct Data Exchange (FA-DDX) (replacing the previous IRS Data Retrieval tool), a lot of information will be pulled from your family’s federal tax returns. But, it’s important to be able to double check every number and ID provided. If there’s untaxed income in your household or other assets, you’ll want to have the numbers ready for those components. Once you have everything in order, head to the FAFSA website, where you can create an account and fill out the application. Take your time, double-check your information, and don’t hesitate to ask for help if you need it! Mistakes cost time and money when it comes to the FAFSA, so always double check your work to ensure that nothing is wrong.  Review everything you’ll want to have on hand to file your FAFSA application here! Don’t forget to have a list of the schools you want to send your FAFSA to onhand. You can submit it to up to 10 colleges at once, so have your list of top schools ready to go! Understanding Your Financial Aid Package Once you submit your FAFSA, you’ll receive a Student Aid Report (SAR) summarizing your information. This report is crucial because it helps schools determine your financial aid eligibility. Be sure to review it carefully and make any necessary corrections. After your schools process your FAFSA, you’ll receive financial aid offers that detail the types and amounts of aid available to you. Take the time to compare these offers and consider factors like grants (which you don’t have to pay back), loans (which you do), and work-study positions. This will help you make informed decisions about your education funding. Remember, the FAFSA process can feel overwhelming, but you’re not alone! Your school’s financial aid office  is there to assist you (and so am I!), so don’t hesitate to reach out with questions. By taking these steps and staying organized, you can unlock the financial resources you need to make your college dreams a reality.  More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. From completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options, Jodi is a fantastic resource when it comes to student financial aid. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.  

Jodi Okun shares what you need to know about understanding financial aid forms like the FAFSA and CsSS Profile to pay for college

FAFSA, CSS Profile, and More: Understanding Financial Aid Forms for High School and College Students

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The world of financial aid for college can feel overwhelming. But with the right tools and knowledge, you can unlock the support needed to pay for school. The whole process becomes way easier once you understand what you’re reading and what you’re filling out! Two of the most important forms you’ll encounter are the  FAFSA (Free Application for Federal Student Aid)  and the  CSS Profile . These forms are essential for both high school students entering college and current college students seeking financial aid. They help determine how much money you can get to pay for school – so don’t slack on filling the FAFSA out (and the CSS Profile if your schools request it!). Here’s some things you need to know to help with your understanding of financial aid forms.  FAFSA Overview  The  FAFSA  is your gateway to federal financial aid, including grants, work-study programs, and loans. Nearly every college requires it, and it’s used to determine your family’s financial need. Now, you’ll get that information in the Student Aid Index. Important things to know about the FAFSA include that it opens up 1 October in most years. This year, limited testing will begin for the new forms so don’t be surprised if you can’t fill it out right away. The deadline varies by school usually, but it’s often in the spring. As a reminder, I encourage you to fill it out as quickly as possible because financial aid is first come, first serve!  CSS Profile Overview  The CSS Profile is a financial aid form used by some private and a few public colleges to determine eligibility for institutional aid. Unlike the FAFSA, it digs deeper into your family’s finances and may require more detailed information about assets and expenses. The CSS Profile is administered by the College Board and there are fees associated with filing. It will cost $25 for the first school,  $16 for each additional school (fee waivers available). This is not required for every school, but many private colleges will require it. Be sure to check your school’s financial aid requirements!  Other Financial Aid Forms  Some schools may also have their own financial aid forms. Make sure to consult each school’s website  for additional requirements. You don’t want to miss anything! Stay on top of any  state-specific forms  for aid, as these can offer additional funding opportunities. Filing financial aid forms can seem like a chore, but the potential payoff is worth the effort. By staying organized, paying attention to deadlines, and understanding what each form requires, you’ll increase your chances of securing financial aid to help cover your education costs. More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. From completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options, Jodi is a fantastic resource when it comes to student financial aid. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

Decoding college financial aid acronyms and forms: tips to understand financial terms shared by Jodi Okun, college financial aid advisor

From SAI to SAR: Decoding Financial Aid Acronyms and Forms

Financial Aid / By

Wading through  the world of financial aid can feel overwhelming, especially when you’re met with acronyms like SAI, SAR, and FAFSA. But don’t worry—I’m here to make it simple! Whether you’re applying to college or the parent of a soon-to-be-college student, understanding these terms is key to getting the financial support you need for college. Here’s a few basics you should know:  What Is SAI? Let’s start with SAI, or Student Aid Index. This is the number colleges use to figure out how much financial aid you’re eligible to receive should you attend their school. Despite its name, the SAI doesn’t represent the exact amount your family will pay. A negative or lower SAI indicates that you have a higher financial need. Again, this is not the number that your family is expected to contribute. It’s simply a way for a school to gauge what you might receive.  What Is SAR? Once you complete the FAFSA (Free Application for Federal Student Aid), you’ll receive a SAR or Student Aid Report. This document summarizes the information you submitted on your FAFSA. It’s important to review the SAR for any errors that could affect your financial aid package. What is COA? COA or the Cost of Attendance refers to the total amount it will cost to attend a college, including tuition, room and board, books, and other expenses. Understanding your school’s COA helps you gauge how much financial aid you’ll need. The FAFSA Speaking of the FAFSA, it’s the first step in applying for federal financial aid. You’ll provide information about your family’s income, assets, and other financial details. Colleges use this to determine your eligibility for grants, loans, and work-study programs. I’ve shared posts recently about FAFSA  terms to know – check those out here! CSS Profile Some private colleges and universities may also require the CSS Profile, which asks for more detailed financial information. It’s similar to the FAFSA but used by schools to offer institutional aid in addition to federal aid. Understanding these key terms and forms will make the financial aid process a lot less daunting. Plus, you’ll feel more confident about securing the best possible aid package for college. Good luck! More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. From completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options, Jodi is a fantastic resource when it comes to student financial aid. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

College Financial Aid Forms Decoded: understanding what these terms mean shared by college financial aid advisor Jodi Okun

College Financial Aid Forms Decoded: Understanding What These Terms Mean

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Applying for college is exciting, and understanding how to fund that journey is an important part of the process. Financial aid forms may seem overwhelming, but they’re your ticket to unlocking the financial support you need. I know that looking at all of these new terms and decisions you have to make can feel daunting. But, that’s why I’m here at CFAA! For high school juniors and seniors, now is the perfect time to dive into financial aid terms – and build a better understanding of them all. So, let’s decode the terms on the key forms and get you ready to go! The FAFSA: Your First Step to Financial Aid The Free Application for Federal Student Aid (FAFSA) is your starting point. It opens doors to federal grants, loans, and work-study opportunities. The good news? Filling out the FAFSA is easier than ever with online tools that guide you step by step. Just remember: the earlier you submit, the better your chances of getting the most aid. If you want to read some of my tips to prepare for the 2025-2026 FAFSA, check out recent blogs here!  The CSS Profile: More Aid Opportunities Some schools require the CSS Profile in addition to the FAFSA. This form digs a little deeper into your family’s financial situation, helping institutions award additional aid. Though it may take a bit more time to complete, it’s worth it to maximize your financial aid package. Double check if your university or college wants the CSS Profile. If you don’t need to fill it out, don’t waste your time. But if you do, make sure it’s high on your list of things to do!  Know What You’re Signing As you fill out these forms, you’re not just entering numbers; you’re making important decisions about your future. Take your time, review everything carefully, and don’t hesitate to ask for help. You’re taking control of your education, and understanding these forms is a huge step in the right direction. Here’s a few terms that might come up on the documents: Expected Family Contribution (EFC): This is the amount your family is expected to contribute toward your education costs. It’s calculated based on financial information provided in the FAFSA or CSS Profile and helps determine your eligibility for need-based aid. Cost of Attendance (COA): This is the total estimated cost to attend a specific college, including tuition, fees, room, board, and other expenses. Knowing the COA helps you understand how much financial aid you may need. Grants vs. Loans: Grants are free money for college that you don’t have to repay, while loans are borrowed funds that must be repaid with interest. Always prioritize grants and scholarships before accepting loans! Subsidized vs. Unsubsidized Loans: A subsidized loan is a federal loan where the government pays the interest while you’re in school. An unsubsidized loan accrues interest from the moment it’s disbursed, meaning you’ll owe more after graduation. I have a more detailed blog on the differences here!  Financial aid can feel like a maze, but with these tools in your hands, you’re more than ready to navigate it with confidence. So, get started now—your future is waiting! More about Jodi and College Financial Aid Advisors Jodi is a FAFSA financial advisor who helps with the financial aid process to help families of college students maximize their financial aid. From completing the FAFSA and completing the CSS Profile to reviewing the SAR, responding to requests for verification, comparing financial aid offers and understanding student loan options, Jodi is a fantastic resource when it comes to student financial aid. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

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