Episode description
Episode description
Unlock the secrets to navigating the FAFSA process with ease as we explore the recent changes with financial aid expert Deborah Paul. Have you ever wondered how the shift from Expected Family Contribution (EFC) to the Student Aid Index (SAI) could impact your eligibility for aid? Join us on Money Matters as Deborah breaks down these updates, including the simplified FAFSA form and the integration of the IRS data retrieval system, designed to streamline your application experience and potentially increase need-based aid.
Discover how to maximize your financial aid opportunities with practical tips for finding local scholarships, which often present better odds than national awards. Deborah and I shed light on the nuances of student loan application periods, especially how different schools like LSU handle summer sessions. We also discuss the importance of understanding the timing of financial aid awards and the valuable resources available to students and parents navigating the FAFSA process.
Get empowered with essential knowledge on student loans, from disbursements and refunds to managing repayment options and exploring loan forgiveness. Deborah shares crucial advice on responsible borrowing, understanding loan obligations, and staying financially literate. Whether you're curious about deferment, forbearance, or public service loan forgiveness, this episode offers a comprehensive guide to help you optimize your financial aid and loan management, supporting your academic journey every step of the way.
Have an idea for a show or a question for Kim? Send us a text message
Welcome to Money Matters, the podcast that focuses on how to use the money you have, make the money you need and save the money you want – brought to you by Neighbors Federal Credit Union.
The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice.