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FAFSA Season: How to Avoid Mistakes that Could Cost You Money

Parents of upper-level high school and college students should be well into the college planning phase of life. The FAFSA is an essential part of planning for college expenses, and one incorrect answer could cost you money, time, and opportunity. RIA Advisors Senior Advisor, Danny Ratliff, CFP, and Senior Risk Management Consultant, Chris Liebum, LUTCF, share insights and advice for successfully maneuvering through the financial aid maze associated with the Free Application for Financial Student Aid, a.k.a, the FAFSA.

1:17 - What is a "FAFSA?"
2:00 - What are the biggest mistakes?
3:06 - Timing is everything
3:57 - Disclosure is Important
5:18 - The One Thing You Should Do
6:57 - The Family that FAFSA's together...
8:08 - Post-FAFSA Filing Expectations
8:57 - Changes in Attitudes, Changes in Latitudes
10:00 - Award Letters are Not Created Equal
11:50 - Using the IRS Validation Tool
12:30 - How to Apply for Aid to Additional Schools
12:59 - Is the Estimated Family Contribution uniform for all schools?
13:35 - Long-distance Planning
14:08 - Notification of Changes
14:55 - Dealing with Deadlines & Timelines
16:25 - You Don't Make Too Much Money; do the FAFSA anyway
17:13 - Is the FAFSA useful for private schools?
17:57 - What is the impact of educational savings plans to FAFSA?
18:55 - Updating FAFSA for 2021 Taxes
19:32 - Retirees filing FAFSA
20:15 - Properly preparing to fill-out your FAFSA
21:43 - Chris' Best Day






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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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