3 big FAFSA mistakes that will cost you a lot of money!

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Information 3 big FAFSA mistakes that will cost you a lot of money!

Title	:	3 big FAFSA mistakes that will cost you a lot of money!
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Will my financial aid be effected by my son enrolling in college?
Comment from : LaKitra Ross

Well, I guess I was too honest on my FAFSA because all of these colleges seem to think I have $50,000 laying around My daughter is a high achiever but she is barely getting any scholarship money because the schools would rather erroneously profit from me
Comment from : Yasmin88

What if the child doesn't live with with either of the parents and lives independently?
Comment from : God is with me

The FAFSA asks for the retirement info If I don't list that, aren't I guilty of not being truthful? Aren't I legally required to disclose my 401K if one exists?
Comment from : Yasmin88

Awesome
Comment from : Paris Estates

I had a question what if one parent/my husband we files jointly together and receives Social Security Benefits would I report that for Parent #2 ? I put down my total wages and gross income but not his I was really curious about that
Comment from : Sonya

How do I sign up
Comment from : ludieliz silaya

If you could help that would be a blessing! So my sister passed away and my mom is on disability due to depression My dad makes about 70k a year I’m 23 making 30k a year, when I fill out how much my parents make can I put my mother who makes 0$?
Comment from : Modern Movers

My parents file together but do I have to put them both on the fafsa? They always say my EFC is to high
Comment from : BlissfulB

HIYou talk about not having to report retirment But 89A asks for this info??
Comment from : Sharon Vitale

Hey thank you for making this video! I know this Is like 3 years old lol i was just wondering if i start doing stocks/Investing my own personal money will I lose my grants/ federal aid ?
Comment from : Sahh

What if I have a car on my own name,does that affect my fafsa?
Comment from : Mahek Patel

What makes the least amount of sense and is the MOST unfair: being divorced, having a deadbeat “dad” and because he’s a deadbeat, evading both being a parent in the physical sense AND financially, I get to be the one to fill out the FAFSA AND have to include my husband’s income even though he has literally no legal financial obligations to pay towards or for my children How is that equitable or fair? Why are we not able to use deadbeat who makes 10 cents an hours income? Why do these individuals get away with never contributing?? These are questions I’d like answered please
Comment from : Andrea Neuser

The dumb FAFSA doesn't care about your liabilities (just your assets), so the trick is to move "assets tracked by FAFSA", into "assets not tracked by FAFSA" to maximize this game Liquidate checking/savings/money market and similar accounts and pay off mortgages, HELOC loans, car loans, credit card debt, etc Also, put yearly maximums into HSA, IRA, 401k (retirement accounts), as those are not considered assets by FAFSA More ways to "hide" liquid cash assets: pre-pay next year's property taxes, income taxes, electric utility, cable/cellphone/gas/internet, HOA dues, homeowner's insurance, car insurance, etc You'll have a year+ worth of "credit" in all those accounts, but the key is that the money is not in the accounts that FAFSA considers br brI'm moving considerable money around that will have no effect on my overall net-worth, but it will make me look broke to FAFSA -- and that's the goal
Comment from : beepbop

I have a question I am 22 and applying for financial aid my parents are both a life,but I won’t put my family information cuz I will be the one responsable of my tuition Is it beneficial for me to do that?
Comment from : l Diack

What if my only parent doesn’t work, hasn’t filed taxes, and doesn’t have any w2’s? Need help asap filling out fafsa
Comment from : Brooke Wilson

THANK YOU
Comment from : Jay Trump

How long after submitting the application do you receive an offer? My daughter and I both are applying were both starting school
Comment from : Martha Garcia

Does UGMA/UTMA custodial accounts affect FAFSA by a lot? I want to open one for my son but I’m nervous about if it will hurt him in the long run when applying for FAFSA
Comment from : Mina

Why is it not letting my husband e-sign? We finished everything weeks ago and when I went to check the status of the application it was incomplete All we needed to do was 'e-sign' I did just that No problem But it won't let my husband e-sign What gives?
Comment from : Nabel B

Hello so i am receiving fafsa support but i recently found a part-time job and will this affect fafsa i mean i am not making that much money but how long shloud i work to still receive fafsa
Comment from : Frankgua

omg!ty!
Comment from : Lucas gaeta

Hello - thank you so much for this information Do all these tips still apply if we're filling out the FAFSA form in 2022 (for 2023-2024)? We are currently filling this out (and I filled out the asset portion and DID include the value of my husband's s-corp, but saw nothing indicating that perhaps this $ didn't need to be included since he only has 6 employees) If I don't need to include this, I won't, but wanted to make sure all this info is still applicable Again - thank you for these tips!! 🙂
Comment from : Kathy Costello

So, upon reviewing the comments, lie your ass off when filling out the FAFSA Fact, you get bubkis if you make a decent salary They tell you you can afford more than 50 of your gross pay for tuition FAFSA is a SCAM unless you're dirt poor But, most private loans want to know if you filled it out too
Comment from : SI Rich

I NEED HELP ASAP,brmy parents are divorced by law and live seperatlybrmy father does taxes but does not claim mebri live with my mom most of the timebrshe dosnt file taxesbrand doesnt workbrbut my stepdad files taxes as a married filling joinly with her on itbrhe claims me as his "son"brhow should i answer the "what are your parenst relationship status?" and should I use my stepfathers information as parent one or the other parenstbrhe alsobrlegally has not adopted me
Comment from : Julio Escobar

My son lives with me but his dad is the one who support him financially! Shouldn’t his financial information be on the fafsa? My husband is not willing to provide that information since he doesnt suppor my son financially
Comment from : Cynthia Crespin

quick question on asset information Im currently on workers comp for about a year do i have to give any financials that are tax free money im recieving from workers comp?
Comment from : koolwip1231

This all sounds greatOn disability My kids got ahold of my tax returns without my approval I was brought into a Federal investigation on Federal ID Theft Why there Mother filed my taxs and falsified my tax returnsbrThis what's called Federal ID theft on my taxs from my kidsI spent over 30k to fix My credit reportbrDon't allow your X Wife to con you without full understanding of what could happen
Comment from : Albert

What if you are remarried and file jointly but are pretty much responsible for the child's tuition?
Comment from : Linda Bapetel

Hello, I am doing the FAFSA 23-24 school year I usually answer ‘No’ to the parent assests questions but I did not get an option of Yes or No this time Instead I got “Does it exceed $000?” Did I not get the Yes or No option for assets because I used the tax data retrieval form for IRS instead of filling manually? So, I’m supposed to combine what my parents have in their checking account, their saving account, and all the cash is their wallet? Does that include how much money is in their debit card? Only my father works so do i only use his information?
Comment from : Kindree

I'm having issues with getting taxes done for 2020 and completing the fafsa I had a lot of problems over the past four months or so Had covid twice and had to take care of sick dog at same time that was biting, scratching and dog had to wear clothes She is a little better now though but I got out of groove of working and couldn't even get temp work in area and didn't get past a few interviews lately I also don't have a car and haven't in awhile I just really need to get my mind together to get the fafsa done and so forth Its been hard lately and I am add/mild autistic Just really wish someone could help me get it filled out or maybe I can provide them with the info and have them fill it out for me Who can I go to help me with this ???
Comment from : D

Hey what if my parents don’t remember when they separated? My parents been separated along time ago since I was in elementary school
Comment from : Brittney Thompson

Thank you so much ❤️🙏🏻
Comment from : Yuya 1020

what if you put 0 for the asset question?
Comment from : Armani Falana “Flash”

I have a question I’m applying to a scholarship as a senior in HS but it’s due in September so I fill out the fafsa and say I have no degree for the 2022-2023 school year? Or do I put I have a highschool degree
Comment from : Name Date

WE messed up our fasfa because we didnt include my brother on it who has already graduated from college and has a professional job but he is 22 and apparently still neded to be included in the family household count even if he does not live with us
Comment from : Cherriou

What if I filed jointly part of last year and single the other half due to my divorce that was in process?
Comment from : Nuday

Thank God
Comment from : All Media

The biggest mistake I made on my FAFSA was being a middle-class white male
Comment from : Tyler Massey

So what if I filled the FAFSA out incorrectly the first year, regarding investments and retirement accounts, can I make corrections the second year?
Comment from : Mark

i wish i saw this before hand feelsbadman
Comment from : ein dus

It pisses me off that you can only be independent when you're 26 My parents are paying for none of my expenses to live including my college funds I would work 2 jobs to pay for school but I'm fortunate my county has a free tuition grant for my graduated class I'm only living with my parents I pay for what I eat, what I wear, what I want, all my bills
Comment from : TokeMob

My wife and I started saving in a 529 when each were born, as soon as they came home from the hospital with a social security number Encouraged each to work to have skin in the game in lieu of assuming that debt is the answer Three kids later, all debt free and no reason for FAFSA Just sayin, if there is a will, there is a way
Comment from : Acrobizer 123

My dad passed away and my mom currently lives on his life insurance, so we technically show no income My tuition is about 9k per year, and it all gets paid for
Comment from : Chazzle

Actually, filling out the fafsa and borrowing money is the biggest mistake you can make Pay cash, go to school in state, get a degree in the STEM field, stay away from the garbage degrees
Comment from : InsideOutside UpsideDown

I never got any scholarship money and now that Im finishing up an MSW it looks even more unlikely I'll ever get any actual aid (not loans cuz thats debt hahah) since no one wants to help graduate school people I need to find scholarships for people with disabilities that also covers graduate school
Comment from : Siobhan OConnell

Now I’m getting this in my recommended 😡😡😡
Comment from : Rivin

I still haven’t finished my FAFSA My mom is hesitant to fill out her information And classes won’t start until around August I really really want to tune mines in soon as possible And I want go to college Idk what to do now this year 2022 I want to take this step get into college
Comment from : PrimeChosen

As a student who is self-supporting, the fact that my financial aid hinges on my parents' income and "expected family contribution" makes me very angry I am only able to attend college because I am working nonstop to pay for it each year, which is greatly affecting my performance in school If there is a way around this in the FAFSA (besides getting married or having a kid smh), I'd love to hear what options there are for students like me
Comment from : Tabitha Ellis

I have purchased Series I Savings Bonds, do I have to report that as an asset?
Comment from : Judy Johnson

The good news is this is helpful The horrible news is I completed mybrFAFSA yesterday and this popped into the top of my YouTube feed this morning- I think it’s gross that I’mbrBeing tracked , that you tube is feeding me things based on my life off of you tube that YouTube has nothing to do with I must have used google to visit the fafsa site I hate that this kind of tracking is goingbrOn and it makes me angry and sad at the same time I feel really gross about this right now and rethinking my whole relationship to technology I never ever searched for anything related to this topic on YouTube Yuck
Comment from : Laura Volpintesta

Do we have to report our stocks?
Comment from : David Pena

I’m 31, living back with my parents I want to further my education but I’m in between stating that I live with my parents or on my own I would like to move out if I am able to get fafsa Which would be better for me to state, living with parents or on my own?
Comment from : Lion jam

Big mistake is getting a so-called financial planner, analyst, crook to fill it out for you This is a free service that you can do on your own without help I made this mistake with my first kid A friend recommended an analyst who demanded my 401k, pension, assets, life insurance, and the gold in my teeth Charged me $800 to fill it out
Comment from : Darth Mal

I see this was 2 yrs ago, very good information … although what would be good guidelines apply to older adults to get help with fanfare? Thank you for your time …
Comment from : Eve Gua

I wish your content was available 20 yrs ago
Comment from : Lisa James

Question: I filed for the FAFSA for 2022-2023 back in February and it was said that it was “processed successfully” Does it mean that it applies to 2022 fall semester this year?
Comment from : Jay Supreme

I have a question I’m currently receiving fasfa and I’m a single mom… however I will be getting married this month I make minimum wage and have 1 daughter and currently pregnant but my spouse makes 45-50k How will this impact me ? I’m in a accelerated program if 17 months and I’ll need to reapply next year for the last 9 months of my program
Comment from : Celeste Arroyo

Hey there Great pointers Are you familiar with scholarships and grants I am a 41 year old receiving my Bachelors of Science in Business Adiministration w/ a concentration in Supply Chain Management and Logistics I did score 000EFC and if it hadn't been for a W one my official transcript during Hospitalization during COVID, I would have been able to cover the entire cost with this aid It looks like I am gonna fall short paying for the two last classes This is about $4779 I have been looking into some scholarship sites and sent a few letters out but I am not sure really where to look that is productive Mostly seems to be just another membership fee to pay just to get no where and a whole bunch of new spam emails to add to the thousands I already get Lol Help Advise?
Comment from : Stephen Reed

love your vid!
Comment from : sodium supreme

"If you completed fewer credits than required and/or had a break in attendance due to an allowable circumstance as outlined in the Eligibility Determination Form" WHAT IS A VALID ALLOWABLE CIRCUMSTANCE?
Comment from : Niomi Lavender

I have a friend who is 52, she's 5 years divorced and wants to attend college for the first time She was married over 20 years and collects 2800 a month for their but his job's retirement pension The cost of living in LA is crazy but she manages She is super smart and I am hoping they give her the financial support she needs The FAFSA she filled out asked her to include her last year's taxes She didn't know if she should include this as income on her application and after listening to you at the GURU I am wondering if she made the mistake you mentioned regarding retirement She just had the courage to finally do this for herself but I know she is stressed to the point of giving up I have assured her that it was going to be ok, to hang in there and that I would try to seek out the information she needs Please advise and thank you very much
Comment from : Joey Johnson

1 If I get a job right now in Summer 2022, would I have to report my income for this job when I fill out the fafsa 2023-24 form in October 2022 even though the form is based on our tax information from the year 2021? brbr2 And also, if someone has a job, do they still report their parents income along with theirs on the fafsa form?
Comment from : pataka guddi

Thank you this was very good on information
Comment from : Amanda Davis

Always had a problem - I don't have parents in the US, I moved to the US by myself when I was 18, my parents are still abroad - no social for parents, no American income for them, no parents in the US Some counselors in my school say I still have to put them on FAFSA, some say I should not Every year is such a pain
Comment from : Yelyzaveta Normyrovska

Son graduating 2023 His mom died when he was 9 years old been with me ever since I'm trying to get this started asap I need scholarship and Financial aid Really don't want to mess with the loans Please help me in the right direction
Comment from : Jay Dab Judah

She said 5️⃣
Comment from : blake

My son is in grad school and graduates in Dec should he change his FAFSA to married? He was not married when it was first filled out
Comment from : brandy grisham

Very informational! Thank you so much! GOD BLESS YOU 🙌 NEW SUB
Comment from : Liliana Santiago

Question: If the parents filed separate during the tax year for the requested FAFSA information, but they currently back together, do you combine their income or put the custodial parent's income when asked
Comment from : Gail Baghdadi

Just say you're 0017 native American lol
Comment from : William J Clinton

If only I knew this 10 years ago
Comment from : Tabitha E

Thank you for the info Very informative
Comment from : Gail Adams

So my biological parents are separated but my dad ( I live with him) is remarried Do I have to report my step moms income as well?
Comment from : Jose Garcia

They ask for your retirement earnings
Comment from : Robert Weaver

I'm a senior citizen going back to school Is my social security income used to determine eligibility for financial on the FAFSA? Thank you!
Comment from : Margo Kerby

Thanks Any tips for people over 50 going back to school looking for funding?
Comment from : Bern Fran

Thanks for the information
Comment from : RENEE

💖💯👍
Comment from : Break-Every-Chain

If i dont have parents?
Comment from : David Ferraz

So I recently got married in March and I was wondering if I had to update my FAFSA to married eventhough we don’t file taxes together nor live together
Comment from : Ashlei Vera

question, husband and I are married and we file separately, he claims the senior do we put his finances on the fafsa?
Comment from : Erin Humphries

im a vet and i get disability does that change money given?
Comment from : justGodandme

What ifon my taxes I filed Married/Jointly But, all of that previous tax year, ex was not in the home and we were in process of divorce and we got none of his income except the child/spousal support which I reported to FAFSA, so the income on our "joint" taxes isn't the income our home received nor will receive in future years I was court ordered to file jointly for the final year and it just happened to overlap with the FAFSA timing, so now it looks like I made a healthy living, but in reality, husband cut bait, and we were surviving on child/spousal support the entire yearFAFSA says just upload the taxes, but I'm worried it's going to negatively affect the financial aid offered as it's just not an accurate depiction of what our actual income in the home is/was
Comment from : Falin Mouton

what a nice lady :)
Comment from : Nazel

QUESTION My husband is taking disability That's the only income in our house I don't work and we have 6 kids together Do I have to report that income to FAFSA?
Comment from : Ale Huerta

I’m late but hmm I started working I have my own tax etc do I still use my parents for tax or my own
Comment from : Saya Ronin King

Oh no! We put in my husband's retirement Other than that, we have nothing other than our home Can we go back and correct it?
Comment from : Shneebops Perfectly Imperfect Life

FAFSA: Hmmm, what would be a good way to encourage Students to fill out a FAFSA Form?brbrPerson 1: Maybe demonstrate bonusesbrbrPerson 2: Show Financial Aid plansbrbrPerson 3: How about we just hold their High School Diplomas at Gun Point until they fill out the FAFSA Form?brbrFAFSA: bYou are a god damn genius Person 3/bbrbr(And that’s how Illinois got stuck with this requirement)
Comment from : sweetramo

Is applying for FAFSA like taking a loan
Comment from : Daglyn

Is fafsa for international students on PhD scholarship too in uSA universities ?
Comment from : Asadullah Chaudary

she went super saiyan 3
Comment from : 1C Drakko

Do I need to enter information about how much money we have on the bank as an assets? I'm married but that money is literally my husband money I don't work and wanted to go to college so I can get a better job I don't want to rely everything to my husband but I fill up a Federal Student Aid Estimator using all my husband Income and assets and Estimated Federal Pell Grant Result is Zero dollars😪 Any advise I should do to qualify???
Comment from : Chel