mlktwins Posted October 10, 2022 Share Posted October 10, 2022 I am finalizing all my numbers for the FAFSA and running all the NPC again with actual info (although my estimates were pretty good). Here are my newbie questions of the day: I am almost 100% sure we won't qualify for financial aid for 2023-2024 school year. Things have changed for our 2022 income so maybe for their sophomore years and beyond we will. Neither my boys nor my DH and I will be taking out student loans. We are hoping for nice merit aid packages 😬! Given this info, what benefit is it to fill out the FAFSA form? Should I rely on the NPC as being close to correct and click the button NO for the question that asks if we are seeking financial aid? Would this be a benefit to not require financial aid at our reach school? We know they don't offer any merit aid already. For NPC, I am using current asset info and 2021 tax info, correct? THANK YOU! 1 Quote Link to comment Share on other sites More sharing options...
kokotg Posted October 10, 2022 Share Posted October 10, 2022 4 minutes ago, mlktwins said: I am finalizing all my numbers for the FAFSA and running all the NPC again with actual info (although my estimates were pretty good). Here are my newbie questions of the day: I am almost 100% sure we won't qualify for financial aid for 2023-2024 school year. Things have changed for our 2022 income so maybe for their sophomore years and beyond we will. Neither my boys nor my DH and I will be taking out student loans. We are hoping for nice merit aid packages 😬! Given this info, what benefit is it to fill out the FAFSA form? Should I rely on the NPC as being close to correct and click the button NO for the question that asks if we are seeking financial aid? Would this be a benefit to not require financial aid at our reach school? We know they don't offer any merit aid already. For NPC, I am using current asset info and 2021 tax info, correct? THANK YOU! A lot of schools require FAFSA in order to qualify for any aid at all, need based or otherwise, so that's why you fill it out (I guess you could forego it if you're positive they're not applying to any schools where that's the case and you're similarly positive you don't qualify for any need based aid). And yes to 2021 taxes/current assets. I don't know if there's any benefit to clicking "no" about seeking financial aid or not. Have fun! 5 1 Quote Link to comment Share on other sites More sharing options...
skimomma Posted October 10, 2022 Share Posted October 10, 2022 Dd's school requires we file a FAFSA in order to be considered for merit aid. We too do not qualify for any financial aid......at least not that we are willing to take. But I do have to file every year so dd's merit aid is renewed. It's a pain. That said, is is FAFSA time again already?!?! I feel like I *just* did this. Where is SpyCar? He is usually who reminds me! 3 1 Quote Link to comment Share on other sites More sharing options...
J-rap Posted October 10, 2022 Share Posted October 10, 2022 I didn't think we'd qualify for anything either, but I learned that all of the school's scholarships required us to fill out the FAFSA. I had all of my numbers gathered ahead of time, so filling out the application went very quickly. I was surprised! 1 1 Quote Link to comment Share on other sites More sharing options...
EmilyGF Posted October 10, 2022 Share Posted October 10, 2022 That's on my todo list this week! DS17 and I made accounts last weekend. Emily 2 Quote Link to comment Share on other sites More sharing options...
teachermom2834 Posted October 10, 2022 Share Posted October 10, 2022 We have always had to fill it out to be considered for merit aid. So while it isn’t required everywhere, there are definitely a lot of schools where it is required. 1 1 Quote Link to comment Share on other sites More sharing options...
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