FAFSA fun

What is on your New Year’s to-do list? Committing to an exercise routine? Cleaning out the basement or garage? If you are currently enrolled in college–or planning to return to school this year–and you want to use loans or grants to help pay for your education, it’s also time to prepare for the 2015-2016 FAFSA.

Stay informed with these useful resources:

Ramapo’s Degree Completion Program provides this handy financial aid tip sheet for adult students. First-time aid applicants might want to attend an upcoming NJ FAFSA Day to receive free on-site professional assistance from financial aid professionals on filling out the FAFSA.

Also check out this Dec. 30^th New York Times article which highlights an error adults frequently make on their forms:

“A common mistake applicants make on the Fafsa is to include the value of their or their parents’ retirement plans, or the value of their family’s primary home, said Martha Holler, a spokeswoman for the student lending giant Sallie Mae. Neither is used by the Fafsa to calculate financial need, so including them could hurt an applicant’s chances. “This is not a time to overstate the value of your assets and investments,” Ms. Holler said.”

Happy filing!

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