FAFSA filing 101

It's FAFSA filing time right now!  About 150 questions, lots of pitfalls and ways to answer incorrectly.  This form is the gateway to all federal aid.  The states use it as the gateway for their aid programs, as do most colleges and universities.  Several changes were implemented this year.  They asset protection allowance (the amount of your assets excluded from the calculations) was lowered.  This will increase most family's EFC a bit.  If you are new to this, the EFC is the Expected Family Contribution.  It is the minimum amount your family will be expected to pay for this student's college education for the school year you are filing for.  If you have questions regarding the FAFSA, or would like a professional to file it for you, please contact me at kob@celticcollegeconsultants.com.