FAFSA-3 BIG Mistakes that Cost You Money & Why Everyone Needs to File

TRANSCRIPT:

The FAFSA-3 Big mistakes that cost you money! & YES! You need to file

Hi, I’m Denise Thomas.

Today is October 1st, it’s FAFSA day!

This is the day the Free Application for Federal Student Aid opens for high school seniors.

First, Don’t panic! You do NOT have to submit the application today! This is just the date that it opens. But I do suggest that you file it sometime this month because the money is given out on a first-come-first-served basis.

Now, most parents are under the mistaken belief that it’s not worth filing the FAFSA because they make too much money to ‘get anything’. Just last week a parent asked in confidence, “My husband makes 200,000 dollars a year, should we bother with the FAFSA?

The short answer is YES. Everyone needs to file the FAFSA.

The application is not only for federal grant eligibility for low-income families. Without filing the FAFSA your teen won’t be offered a work-study job on campus or...

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