Family Finance: Tips for filling out FAFSA forms - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Family Finance: Tips for filling out FAFSA forms

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SAVANNAH, GA (WTOC) -

It's the time of year many high school seniors spend mapping out the next few years of their lives, and figuring out how to pay for it all can be extremely stressful. Luckily, there's help in the form of federal aid, better known as the Free Application for Federal Student Aid.

The FAFSA form is required of any student hoping to receive financial assistance from the government. Any school that rewards federal aid accepts these forms, no matter public or private. The form allows the government to create an expected family contribution, or basically, how much a family should be able to spend to send their student to college.

Scott Linzey, Vice President of Admission and Financial Aid at SCAD, has the following tips:

  1. Fill out the form accurately
  2. Fill out the form on time
  3. Include your retirement assets
  4. Parents should always be truthful about their level of education. Linzey said parents shouldn't be embarrassed if their children are the first ones in their family to attend college.

Also, no matter your income, Linzey said everyone should fill out the form.

"The process is quite easy and simple and quick to navigate. I encourage every family to at least go through the process, because it may be there are dollars available they weren't aware of or they didn't know existed."

To learn about common mistakes made while filing out the FAFSA forms, check out this article from our partners at CBS News.

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