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:

• TikTok- @thefafsaguru
• Instagram- @thefafsaguru
• Facebook- fafsaguru
• YouTube- TheFAFSAGuru
• LinkedIn- Tina Steele
• The FAFSA Guru Website!

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.

Connect with Will Hoffman: 

• Hoffman Wealth Management
• (724) 522-5411
• will@hoffmanwealth.com
• LinkedIn: Will Hoffman 
• Facebook: Hoffman Wealth Management 
• YouTube: Hoffman Wealth Management
• Instagram: Hoffmanwealthmanagement

 

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.