Q&A: Where to Start With College Planning, FAFSA & Understanding Your SAI copertina

Q&A: Where to Start With College Planning, FAFSA & Understanding Your SAI

Q&A: Where to Start With College Planning, FAFSA & Understanding Your SAI

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Feeling overwhelmed by college planning and have no idea where to start? You're definitely not the only parent asking that question.In this month's Old College Try Q&A, Matt Carpenter and Peg Keough tackle three questions that get to the heart of paying for college: where families should start when everything feels overwhelming, whether you should still file the FAFSA when tuition is already covered by a scholarship, and what your Student Aid Index (SAI) actually means.The biggest theme? Start with the money before you fall in love with the college. Building a realistic four-year budget first can help families create a college list that works academically, personally, and financially—and potentially avoid difficult conversations and unnecessary debt later.Put your questions here: https://forms.gle/4fhtm9QpqHEHkhWh9In this episode, we cover:😵‍💫 What to do when college planning feels overwhelming and you don't know where to start💰 Why creating your family's college budget should come before building the college list🏦 What to include in your budget—from 529 savings and cash flow to student contributions and help from grandparents🎓 Why families should understand how financial aid works before seriously touring colleges❤️ How falling in love with a college before understanding affordability can create problems later👨‍👩‍👧 Why parents should take an active role in the financial side of the college decision🗣️ How setting financial expectations early can reduce stress between parents and students🏫 Why academic and personal fit still matter—but should be considered alongside affordability📋 Why families should still complete the FAFSA even if they think they won't qualify for need-based financial aid☀️ What a Florida family's Bright Futures Scholarship question teaches us about FAFSA and merit aid🏆 How merit scholarships can potentially help with costs beyond tuition, including room and board🔢 What the Student Aid Index (SAI) actually represents—and what it doesn't tell you💵 Why your SAI is not automatically the amount your family will pay for college📊 How the same SAI can lead to completely different costs at different colleges🏛️ Why a college's own financial aid policies can determine whether your family pays more than, less than, or close to your SAI📄 Why some families may have both a FAFSA-based SAI and an institutional SAI from the CSS Profile⚠️ Why seeing a high SAI doesn't necessarily mean your family is out of options for college discountsKey Takeaway: Don't start college planning by asking, “Where does my child want to go?” Start by understanding what your family can realistically afford. Build your budget, learn how financial aid works, understand your SAI, and then identify colleges that make sense for your student and your finances.Your SAI is an important starting point for determining need-based financial aid, but it isn't a college bill. Depending on the school, your family could pay more, less, or close to that number—which is why understanding how individual colleges award aid is so important.🎵 Song of the Week: Linger — The Cranberries original + Lake Street Dive cover🎧 Listen to our full podcast playlist here:https://hubs.li/Q03kvxZn0📚 Resources & Links🔢 Understand your college costs for FREE→ Create your MyCAP Account: https://hubs.li/Q03PTJ_x0📄 Download the Student Loan Fact Sheet→ https://hubs.li/Q04cmnWD0💰 Get 15% OFF sitewide with code COLLEGETRY15→ https://shop.collegeaidpro.com/📱 Follow College Aid Pro:Facebook: https://www.facebook.com/CollegeAidProInstagram: https://www.instagram.com/collegeaidproTikTok: https://www.tiktok.com/@collegeaidproLinkedIn: https://www.linkedin.com/company/college-aid-pro🌐 Learn more about College Aid Pro:https://collegeaidpro.com
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