Tag: college funding

Maximizing Financial Aid: The FAFSA Guide with Tina Steele (Episode 30)

Maximizing Financial Aid: The FAFSA Guide with Tina Steele (Episode 30)

Summary: In this episode of Wealth on the Move, Will Hoffman speaks with Tina Steele, the FAFSA guru, about the intricacies of the FAFSA process and how families can maximize their financial aid opportunities. They discuss the importance of understanding FAFSA, the changes that have occurred recently, and strategies for families to navigate the financial aid landscape effectively. Tina shares insights on common mistakes families make, the significance of documentation, and the future of FAFSA, including new technologies that will aid in the process. This conversation is essential for parents and students preparing for college funding.

Resources:

Takeaways:

  • FAFSA is crucial for all students attending college.
  • Filling out FAFSA is necessary every year for financial aid.
  • Many families mistakenly believe they won’t qualify for aid.
  • Child support is now treated as an asset in FAFSA calculations.
  • Families can report special circumstances to financial aid offices.
  • It’s important to appeal financial aid offers for potential increases.
  • NIL income can affect financial aid eligibility for student-athletes.
  • Common mistakes include misreporting assets and missing deadlines.
  • Documentation is key for the FAFSA process and potential verification.
  • The FAFSA process is evolving with new technologies for assistance.

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Tina Steele and The FAFSA Guru not affiliated with Hoffman Wealth Management and Private Advisor Group. This presentation is not intended as specific financial advice for any individual.
How to Win Scholarships & Pay for College Without Student Loans with Dave Peterson (Episode 29)

How to Win Scholarships & Pay for College Without Student Loans with Dave Peterson (Episode 29)

Summary: In this episode of Wealth on the Move, host Will Hoffman discusses the challenges of funding college education with expert Dave Peterson. They explore the vast opportunities available through scholarships, the misconceptions surrounding them, and the importance of starting the scholarship search early. Peterson shares insights on different types of scholarships, the scholarship application process, and how to build a compelling personal narrative. The conversation emphasizes the need for parents and students to be proactive in seeking financial aid to alleviate the burden of student loans and ensure a successful educational journey.

Resources:

Takeaways:

  • There is a significant amount of scholarship money available, much of which goes unclaimed.
  • Scholarships are not just for seniors; opportunities exist for younger students as well.
  • A strong personal narrative is crucial for winning scholarships.
  • Students should start applying for scholarships as early as possible.
  • Many scholarships do not require high GPAs or test scores.
  • Building a personal narrative involves academics, extracurriculars, volunteering, and work experience.
  • Avoid applying for illegitimate scholarships that ask for sensitive information.
  • The scholarship application process requires attention to detail and following instructions.
  • Students can earn scholarships even after high school graduation.
  • Utilizing resources like Scholarship GPS can help streamline the scholarship search process.

Connect with Will Hoffman: 

 

Dave Peterson and Scholarship GPS not affiliated with Hoffman Wealth Management and Private Advisor Group. This presentation is not intended as specific financial advice for any individual.