PACER Spring 2016 Issue

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The Pacer FAFSA Prior-Prior Year: Moving forward by looking backwards! Jay London, “The College Advice Guy”

Regardless of which side of the desk one works at, be it college admissions or high school counselor, each year we are faced with the same puzzled looks from the parents of students applying for financial aid with the FAFSA. As many of us know, the FAFSA is the application that students must complete to apply for federal student aid—Pell Grants, student loans and work-study opportunities — which can be used to attend a college or career school. Many states, private organizations, colleges, and career schools also rely on FAFSA information to determine eligibility for nonfederal sources of aid. Specifically, parents want to know why it is so important to file a FAFSA as soon after January 1 as possible and why they need to supply the most current year’s (prior year) tax information when they won’t have the requisite documents to file taxes for that tax year until at least February 1. They ask how they are going to get an accurate financial aid assessment if they can’t provide the most current financial information at the time they initially file a FAFSA.

estimate their expected prior-year taxes and then, once their prior taxes are filed, they can go back and amend or update their original FAFSA.

We counselors are used to assuaging the applicants’ fears by advising them to just

In an attempt to make the FAFSA process more user friendly, as well as to provide some assistance to financial aid offices in making eligibility determinations, President Barack Obama, on September 15, 2015, changed the filing format of the FAFSA college aid form. The form used to require prior year family and personal income to and now, instead, will require priorprior year family and personal income. In addition, students will be able to file for aid three months earlier than previously allowed: October 1 versus January 1. These changes to the FAFSA will take effect for the 2017–18 school year.

In an attempt to make the FAFSA process more user friendly, ... President Barack Obama, on September 15, 2015, changed the filing format of the FAFSA college aid form.”

Unfortunately, this multi-step process does not relieve anyone’s anxiety. It has created delays for the applicants and also has caused issues for many admissions offices and financial aid offices since aid awards cannot be accurately determined without the most current year’s tax information.

So, for example, the Class of 2017 will be the first high school group to file the FAFSA on the new timeline using prior-prior year tax information rather than prior-year tax information. Parents of high school seniors who are graduating in spring 2017 will be Continued on page 2

WHAT’S INSIDE President’s Letter 3 2015–2016 Executive Committee 4 My PACAC Story 5 PACAC Conference 2016 Preview 6 Book Review 7 Counselor’s Corner 9 Transfer Decision Day — A Temple Approach 10 PACAC’S Rising Stars 10 Successful Instant Decision Days 11 R.each Y.our F.ull P.otential 13 Everyday Professional Excellence 14 PACAC Postings 15 Calendar 2015 15


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