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Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

May/June 2023

FAFSA 101

Novosibirsk,Russia - January,30 - 2021: selective focus photo of FAFSA - free application for federal student aid

Do you have a child who is headed to college in 2024? If so, you’ll want to fill out and submit a FAFSA when the form becomes available on October 1, 2023. FAFSA stands for Free Application for Federal Student Aid. It’s used to determine the amount of the loans, grants, and other federal financial aid a prospective student qualifies for. In addition, colleges use the FAFSA when deciding on a financial aid package to offer an applicant.


Create an Account
The first step in the process is for your child to set up an online account at studentaid.gov Both parents and students should create a login and password to access the account. Make sure you write down your sign-in credentials because you’ll use them during all the years your child is in school.


Gather Documents
Before you begin the application, assemble all the documents you will need to complete it. The list includes:
  • Student’s Social Security Number

  • Parents’ Social Security numbers, if your child is a dependent

  • Alien registration number if not a U.S. citizen

  • Parents’ federal tax return

  • Untaxed income, such as child support

  • Cash, checking/savings account balances, and investments (stocks, bonds, real estate, but not your home)

  • List of schools (up to 10) where information should be sent. You can add to this list later on if you need to.


The Deadline
Students have until June 30, 2024, to apply for the 2023-2024 academic year. However, it’s wise to apply early before the bulk of the funds has been awarded.


More information and help with filling out the FAFSA are also available on the website: https://studentaid.gov


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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
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