Reply to Heard it’s easier to get in schools like W&M if you indicate you aren’t seeking FA

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Reply to "Heard it’s easier to get in schools like W&M if you indicate you aren’t seeking FA - still do FAFSA?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is it safe to assume that $250k+ HHI and a 6 figure 529 does not need to fill out fafsa?[/quote]

it’s not “need to” but should because everyone who fills out a FAFSA is then entitled to the $5500 ( the amount increases sophomore, junior, senior years) annual loans. Your child has to sign the paperwork. I still remember when my DD said “Wait! I’m responsible for this?”  Gives them teeth on the game. Both of our children graduated with about $25 to $28k in federal student loans, which you, as parents can pay off in the future. It gives your student skin in the game to know they are on the hook for something. We are doing the same at he graduate level (called Plus loans). Also both of our kids’ colleges would not talk to us about merit aid until we filled out the FAFSA. We just asked our CPA to do it.[/quote]

I haven’t encountered any schools that require the FAFSA for merit. What schools require it?[/quote]

GMU wouldn’t even talk to me without the FAFSA filled out[/quote]

I would think they wouldn't want to provide merit aid where grant aid would be possible.[/quote]

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