Seniors: Get Ready for FAFSA 2015

If you're a senior, you are probably relieved that college applications are a thing of the past (almost for some of you!). As you settle into the decision waiting game, it's time to really focus on the FAFSA. In just over a week, the FAFSA goes live, on January 1.

It is of high importance that you don't delay completion of the FAFSA. In fact, you can get started before the new year by getting a Federal Student Aid PIN. Visit www.pin.ed.gov. Both you and your parent will need to create a PIN to sign the FAFSA electronically. If you do not have a social security number, you cannot get a PIN. Instead, you will have to print and sign a signature page to be mailed to the US Department of Education Federal Student Aid Office.

4 Ways to Demonstrate Interest After College Application Deadlines

A student recently asked me if there was anything he could do to influence a college admission decision after applying. There has been a decade long debate on this very issue, called "demonstrated interest" and the role it plays in college admissions.

According to a National Association for College Admissions Counseling survey, 50% of colleges consider a student's demonstrated interest in the admissions process. Examples that demonstrate a student's unique, heartfelt and genuine interest in a college includes visiting the school, calling the admissions office to ask meaningful questions, interviewing with a local alumnus, or sending a thank you note to a college representative following a college fair.

Paper or Digital? Start a Filing System to Store Your College Documents

This holiday season you may not get all the clothes, video games, or electronics that you ask for, but one thing you'll get plenty of is stuff from colleges, sent to your house by mail or your inbox by email.

Campus view books, information sheets, college checklists, workshop flyers, ACT/SAT testing literature, and newsletters, as this information arrives, in both hard copy and digital formats, you will want to build places to store documents to reference at a later date. Moreover, buried within the literature is important admissions requirements and deadlines that you'll want to be aware of.

Juniors: When to Visit College Campuses

If you’re a junior, second semester is the time to get serious about creating a college list. Start researching colleges through their websites, college fairs, admissions representatives, books, and college guides. By doing so you will get an idea of what's required and be informed of each college’s process.

While research is a good place to start, you will learn the most about a college’s suitability for you by visiting its campus. The ideal time to visit a college is when you're out of school and the college is in session. Hence President’s Day weekend and spring break are your best options before colleges break for the summer.

Seniors: Start Planning for Financial Aid

If you're a senior, I'm sure you're ready to be done with college applications already. Hold tight, there's a little over one month remaining until the final wave of January deadlines. Revisit your college checklist and make sure to stay focused on getting everything complete with breathing room before the deadline crunch. If you have finished your college applications, good job!

For all seniors, this is the time to start planning for the financial aid process, set to begin when the FAFSA goes live on January 1. Regardless of your family income level you are encouraged to complete the FAFSA (Free Application for Student Aid), found online at www.fafsa.ed.gov. Financial aid is based on need, however with the cost of tuition increasing, many colleges have created policies so that need-based aid can be provided to upper middle-income families in the form of low interest loans that may qualify for forgiveness after graduation from college.

The FAFSA provides colleges with your Expected Family Contribution (EFC), an index that assesses what your family can afford to pay for tuition, room, board, and education-related expenses. As part of the college discovery phase, I look for colleges that try to meet 100% of the family’s need. For example, if upon completing the FAFSA, we learn that your EFC is $15,000, then a competitive financial aid package would show a combination of scholarships, grants, and loans that covers college expenses minus $15,000. In April, we will review more closely how to compare aid packages.

To get started, visit the FAFSA site to create a PIN, one for the student and one for the parent. Keep both PINs in a safe place as you will need for lifetime each time you file a FAFSA for undergraduate, graduate, or professional school education in the United States. Additionally, you will need your 2013 tax information. Contrary to popular belief, there is no need to delay filing your FAFSA until the current year tax forms are completed. Once you have filed 2014 taxes, you can submit a correction to the FAFSA with most updated numbers.

Your EFC will be sent to each college you specify and schools to which you are accepted will use it to calculate your financial aid offer. If you’re curious about either your EFC use this calculator by the College Board. Once you have an EFC, you can visit college’s websites to check their net price, usually found in the financial aid section. This will be good to do so that you can compare costs at different schools.

By starting the financial aid process, you will avoid common pitfalls and get a head start on securing various types of aid available to fund your education before they run out.