DAILY CARTOON click to enlarge
ANDERTOONS.COM TEACHER CARTOONS

Wednesday, November 18, 2009

Get ready for the 2010-2011 FAFSA

As the holidays approach, it becomes a busy season for out of the office activities for financial aid officers. We go on the road to various high schools and events to help parents and students understand the financial aid process and the forms they will complete.

I have recently seen a draft of the 2010-2011 FOTW (Fafsa on the web)worksheet and I was pleasantly surprised. The number of questions on the worksheet has been reduced from 53 in 2009-2010 to a mere 37 questions for next year's form. This is great for the families that struggle over the completion of this form. It minimizes the pain by virtually 1/3!!! This was an initiative of the Obama adminsistration bestowed upon the U.S. Department of Education and the DOE has responded.

There will also be a new IRS database match that will help families complete the FAFSA by retrieving their tax data for FAFSA form completion. However, there is one MAJOR flaw. The 2009 tax data will not be available from the IRS until June or July. Most schools will require the FAFSA to be completed within the first few months of the year. Unless the student is going to a school that does not have a deadline, the IRS database match will be basically useless....so file your returns early, keep copies and if you can't file early, estimate 2009 income and get the forms done by the deadline the school requires!!!

2 comments:

Trader Kirk said...

Hi,

My name is Kirk and I am the founder of http://www.theoptionwriter.com. I found your site through a Google blog search I was doing this afternoon and took down your email. I was wondering if you are possibly interested in an affiliate program between our two sites. It’s very similar to AdSense. We would pay you 25% of the subscriptions you send our way and the same percentage of all the same recurring subscription payments (pretty healthy stream of income). I’ll be honest with you and say that you're not going to make $2,000 a month this way. However, most of partners are in the $100-$200 dollar range depending on your site’s traffic.

Please let me know what you think about this. We don’t give out the link to sign up because we are selective on our partners. So if your interested please let me know and I’ll send you the sign up link. You can email me back at kirk@theoptionwriter.com.

Thanks for your time in advance!

Chopra said...

I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Alisha

http://pay-dayadvance.net