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@a.aliah10 19 күн бұрын
If I have an SAI of -1500 and the tuitions is about 15,070 how much am I expected?
@michellealvarado6684 22 күн бұрын
Does that mean that if it is a positive number I will be the one to pay out of pocket or will I qualify for financial aid assistance?
@MonicaFeltonCFP 22 күн бұрын
A positive number is the minimum amount you’re expected to pay out-of-pocket. You are correct.
@ThinkerMan-v6g 29 күн бұрын
Is that a wonky financial aid haircut or what?! 💪
@whipsandchains1 Ай бұрын
I have a daughter who receives SSI which resulted in skipping the assets portion and giving us a negative SAI. This makes me nervous something went wrong.
@whipsandchains1 Ай бұрын
Thank you so much! This explains everything and is so easy to understand!
@BGrai7 Ай бұрын
Hi Monica, Thank you for sharing! Is there a way to access the tools you beautifully presented in this video? Thank you!
@DavidJones-vw6oe Ай бұрын
My SAI is -1500
@atlballen Ай бұрын
Same and i still have no idea what it means
@MonicaFeltonCFP 22 күн бұрын
A negative SAI means you will be eligible for 100% financial need aid. That doesn’t mean you’re going to get it, but it means you’re eligible. The school gets to decide how much they want to help you with. This will depend on the value of you as a student. Even the most generous schools only meet need at 80%.
@atlballen 22 күн бұрын
@@MonicaFeltonCFP thank you so much
@DainaAnderson-x4q Ай бұрын
FYI, I work in Federal Student Aid, and I just wanted to clarify that grad and professional students can apply for Plus loans. Plus loans for parents of undergrads are only a portion of the Plus loan debt.
@MonicaFeltonCFP Ай бұрын
thank you so much! that is very helpful. Appreciate your feedback
@AddisuSete 2 ай бұрын
My name is addisu sete from ethiopian i will graduate in the future January 2025 from wollo university in department of Geography and environmental studies but i have no family and support in other agent please help me then there is no money buy future graduate basic necessity cloth or suf. Its the price of cloth is increase tremendous the capacity of own not match please help?
@DanKind1188 2 ай бұрын
Thank you. This was very comprehensive
@lauraward6443 3 ай бұрын
How much does it cost for you to help me fill out fafsa
@MonicaFeltonCFP 3 ай бұрын
I do not fill out the FAFSA for clients.
@ruthfv123 3 ай бұрын
my daughter is a senior, can she create an account now and fill out the form in december 1?
@MonicaFeltonCFP 3 ай бұрын
Absolutely, and you will need to a FAFSA id as well. Create those now and fill all the information out in December.
@ruthfv123 3 ай бұрын
@@MonicaFeltonCFP thanks for your fast reply. My husband is the only one working, should he be the parent to create an account? I made the mistake to create an account I just put my information and not my daughter info yet. So I watched another KZbinr saying that the student should create it first. So I don’t know if this will be a problem.
@MonicaFeltonCFP 3 ай бұрын
@@ruthfv123 You can fill out the fafsa for you and your husband. You are using your joint tax return. I don't believe it will be a problem if you created yours first and daughter second. Good luck!
@MonicaFeltonCFP 3 ай бұрын
It is my understanding the school is not required to send you money back. I would highly encourage you contact the Financial Aid office and share your specific information. They may be willing to give you an exception.
@SophiaCox-o5e 3 ай бұрын
Can you plz tell me if my school has to send me the remainder of my loans since I have had to temporarily leave due to health issues
@tammgrub 3 ай бұрын
This is great info! Im excited to watch all your video's !
@Bruhzabroad 3 ай бұрын
If the military pays my tuition in full, would I qualify for any amount of unsubsidized loans?
@MonicaFeltonCFP 3 ай бұрын
This is a very specific question and i would contact the financial aid office of your university of choice and ask. Do you have need? What is your income? Many variable will come into play here.
@TheKiwibirder 4 ай бұрын
I've been told the date is December 1, 2024, and they're not even confident about that.
@jamiequitJRE 4 ай бұрын
Me and thousands of other students are dealing with this new issue of our SAI’s being way higher than they should be. We are receiving minimal to no aid at all.
@IlliniPicker 4 ай бұрын
I'm confused, I am seeing other information that says we can fill it out on Oct 1st?
@MonicaFeltonCFP 4 ай бұрын
It is confusing! The Fafsa simplification Act that went in for last year has made a disaster of Financial Aid and the FAFSA. For 2025/26 school year, the FAFSA will be opening for the masses December 1. That was announced by the department of education in mid August 2024. There will be a very limited opening October 1, but I do not recommend because there will be errors and mistakes, and FAFSA will need to be updated. This process is frustrating enough without having to go back and redo it several times!
@soniaalmstadt 3 ай бұрын
I am confused as well! 2025/26 our son will be a rising junior so will be a renewal for us. So we will apply on Dec1st?
@MonicaFeltonCFP 3 ай бұрын
@@soniaalmstadt You can fill out the fafsa your students SENIOR year. You will fill out the fafsa 2026 in Oct or Dec. We will see what the department of education is saying then.
@sgrunewald 4 ай бұрын
I would like to learn more, how do I contact you?
@MonicaFeltonCFP 4 ай бұрын
Reach out to me at [email protected] or visit my website at www.monicafelton.com.
@mobovathanggg6344 4 ай бұрын
My SAI IS 1500 ? I’m eligible or no
@MonicaFeltonCFP 4 ай бұрын
@@mobovathanggg6344 yes, you should get help. You are expected to pay $1500. The equation is COA-SAI=need.
@CyanYvette 4 ай бұрын
So. I’m trying to go to cosmetology school. My SAI is -1590. My tuition is around $12,000
@MonicaFeltonCFP 4 ай бұрын
This means you’ll be eligible for need-based financial aid. If your cosmetology school accepts it, you could get a Pell grant up to $7400 a year. Good luck to you! We need more hairdressers and manicurest ! 😇
@rodneychandler9890 4 ай бұрын
Do I have to include property held in an LLC as an asset?
@MonicaFeltonCFP 4 ай бұрын
If you are the member and it’s reported on your tax return, yes you must report that on the FAFSA as a parent asset. This would be a small business and parents small businesses are now reportable on the FAFSA. in 2023, parents, small businesses and farms are now reportable assets on the FAFSA.
@ruthfv123 2 ай бұрын
Then you will get about 750 a year
@DavesShop 4 ай бұрын
That has now been moved to Dec 1 2024
@MonicaFeltonCFP 4 ай бұрын
Yes, i updated this in my newest video - kzbin.info/www/bejne/iqTRhn-uost6mqcsi=psp1w7Slg8waKnry thank you!
@DavesShop 4 ай бұрын
@@MonicaFeltonCFP Great I just heard the news last week so I knew you created the video before they announced it. Thanks for the video
@clementeibarra9311 4 ай бұрын
@@MonicaFeltonCFPI have a question, if I'm going to be a college freshman starting in fall 2025, and I'm currently a High School Senior, when do I apply for my Fafsa?
@MonicaFeltonCFP 4 ай бұрын
@@clementeibarra9311 Dec 1, 2024
@te2952 4 ай бұрын
Thank you for making this easy and simple to understand. I am going crazy with all of this, because it changes constantly. It is very frustrating, but you helped me understand. Thank you again. 😊
@ocheigboyi 4 ай бұрын
Thank you for how simple and clear you made this.
@MonicaFeltonCFP 4 ай бұрын
Pleasure!
@Gelnar11 4 ай бұрын
Thank you ! That’s actually helped me made a good decision before entering a graduate school this Fall! I was excited but… I have to wait I guess 🙂
@MonicaFeltonCFP 4 ай бұрын
This loan forgiveness is so confusing and changes regularly. Hang in there and good luck!
@TheTravelAddictCo 5 ай бұрын
So I’m not on my business account but I absolutely love this video and the way you’re able to lay this information out so clearly for people. I’ve got to ask how in the world did you create that system that you were using that allows you to show all of this? I’ve got to get my hands on this to help educate people! Great stuff, would love to know if you built that out yourself
@MonicaFeltonCFP 5 ай бұрын
Thank you! This software is amazing and i can not take credit. Don Blanton is an amazing person and brilliant man. He created MoneyTrax over 30 years ago. Please tell them i sent you! Good luck!
@MonicaFeltonCFP 5 ай бұрын
The equation is COA -cost of attendance minus SAI-student aid index equals need. If your SAI number is 1300, you will be eligible for significant need. You should also be eligible for Pell grants. Please remember, just because you have need doesn’t mean the school has to fill it. Good luck!
@pbucandy 4 ай бұрын
this is per year, correct? cost of attendance for one year? Not all 4?
@MonicaFeltonCFP 4 ай бұрын
Correct, cost of attendance is for one year of college and student aid index is for one year of college.
@ca-so1pv 5 ай бұрын
Hello Monica, I have a question, with an approximate score of 1300, how much aid money is it? Thanks for your information, very good video.
@berrakose8901 5 ай бұрын
What if it says 0 please help!
@MonicaFeltonCFP 22 күн бұрын
If your SAI is zero, it means you’re eligible for 100% Financial Aid. You’ll likely get a Pell grant. The school that you ultimately attend get to decide on how much help they wanna give you. If you are not an academic scholar or someone who could value the school, they don’t have to help you at all reach out to the financial aid officer at the school you wish to attend and find out how much they’ll help you with.
@creekmaster3125 5 ай бұрын
You mention "based on mom and dad" but we are divorced and it's my understanding that FASFA only counts the parent who has most financial responsibility and doesn't even count the other parent. And that's even if the other parent is required to pay half of the tuition based on the child custody agreement.
@MonicaFeltonCFP 5 ай бұрын
You are correct! For divorce parents, the financial information is required of the parent predominantly responsible for finances, or who claims the child on their tax return.
@TasniaRahmanTisha-u2k 5 ай бұрын
Hi Dear How are you? Great. Your Content is fantastic, But your video SEO optimization section area is not perfectly up to date. Out of 100 that's score is 50, that's why your video is not reaching out to the people and you have not many subscribers, views, likes, watch time and comments. I can help you grow your KZbin channel. If you don't mind can we talk about it for a while?
@eloise-b 5 ай бұрын
This makes so much more sense. I'll definitely be emailing this to my mom. Thank you <3
@houseofob3479 6 ай бұрын
Thank you for sharing!
@MonicaFeltonCFP 6 ай бұрын
Glad you liked it
@MonicaFeltonCFP 5 ай бұрын
Pleasure!!
@mdborhan9703 6 ай бұрын
Hey There, It's Borhan here! I'm a huge fan of your "Monica Felton MBA, CFP" KZbin channel. Your content is always top-notch, and I can see the passion and effort you pour into each video. I believe you have incredible potential to reach an even wider audience with a solid KZbin strategy. I would love to schedule a short meeting with you to discuss how I can help you grow your channel faster. This is not a sales call, but an opportunity to share ideas and offer assistance. Let me know if you're interested, and we can find a convenient time to chat. Thanks for your time and for creating such amazing content. Keep up the fantastic work!
@HectorLopez_ 6 ай бұрын
So do they give me the fafsa loan amount directly to my bank account or is it only available by the college ?? Because I want to go to CDL school but i cant pay for my bills while in my semester
@MonicaFeltonCFP 6 ай бұрын
Most student loans are paid to the school directly and they credit your account. Direct student and parent loans are to be used for the college expense.
@MonicaFeltonCFP 7 ай бұрын
There is my understanding that you can go back in and change the FAFSA. If you’re unsuccessful, you would need to reach out to each school individually and tell them of the mistake.
@samling4246 7 ай бұрын
Hi, I mistakely put my parent's TSP retirement stocks as parents ' assets on FAFSA. I am wondering if i can still make a correction after I already received the PAL? Thank you!
@samling4246 7 ай бұрын
Hi, I mistakenly put my parents ' TSP retirement stocks as parents ' assets on FAFSA. Am l able to correct it after I received the provisional aid letter?
@mauriciomeave5353 7 ай бұрын
This was very informative and explained in simple terms
@MonicaFeltonCFP 7 ай бұрын
Glad it was helpful!
@hollydutton9876 7 ай бұрын
You failed to mention work-study to meet needs, and private scholarships as a source (in addition to government and the school).
@salonysing6214 7 ай бұрын
Hi, we live in india but my daughter is citizen of usa she wants to go USA for further study. can we eligible for fafsa? Plz reply
@MonicaFeltonCFP 7 ай бұрын
Mom and dad citizenship does not impact students ability to receive benefits from the FAFSA.
@salonysing6214 7 ай бұрын
Thanks for the reply.
@josiahfisher4791 7 ай бұрын
Young married grad student here... I am completely independent from my parents and have an SAI of -1500. In the COA - SAI = Need equation you presented, would my Need be capped off by my COA? Or would my Need > COA by 1500? Helpful video--thanks very much!
@MonicaFeltonCFP 7 ай бұрын
No, you are only eligible for the total COA. They don’t give you $1500 more!
@josiahfisher4791 7 ай бұрын
Ok thank you!!
@MonicaFeltonCFP 8 ай бұрын
This video explains college savings assets pros and cons kzbin.info/www/bejne/e6vbn2ytbZqBaa8si=xWG9rIyr_-96Kvsq
@IsaacV-kb9rw 8 ай бұрын
My SAI says ( estimated student aid index ) SAI = -1500 “what does that mean”
@MonicaFeltonCFP 8 ай бұрын
It mean you are eligible for 100% need based financial aid. Please watch for more details kzbin.info/www/bejne/rIu5oWeQas59qs0si=edwc0-g0aGgKb2hs
@udaykhatry 8 ай бұрын
😂😂😂😂 screaming doesn’t make it true
@MonicaFeltonCFP 8 ай бұрын
I am just so passionate! Working with 10-15 families a week, I see the impact of 529s and how 529s reduce the amount of need based Finanical aid. Families need all the help they can get 😊
@udaykhatry 8 ай бұрын
@@MonicaFeltonCFP Please provide your source. As of 2023 (last time I filled out FASFa), UTMA balance hurts need based scholarship in FASFA form, not 529 plan. 529 was exempt. Rules might have changed between them and now.
@MonicaFeltonCFP 8 ай бұрын
529 plan must be reported and is usually a parent asset not student. studentaid.gov/help-center/answers/article/where-to-report-529-plan-in-fafsa
@udaykhatry 8 ай бұрын
@@MonicaFeltonCFP That is correct! 529 plan as well as parents IRA must be reported but I think the 529 and IRAs are exempt from parent asset unlike the UTMA accounts. Reporting and adding to total asset that can reduce need based scholarship are two different things.
@MonicaFeltonCFP 8 ай бұрын
529 plans are not exempt.
@gursimranwander601 8 ай бұрын
Hi my estimated sai came to 10k what should i expect mam?
@MonicaFeltonCFP 8 ай бұрын
Your family contribution is at least $10,000. Depending on how academic the Student is and how badly the school wants the student, they can help you meet the rest of your need. But the SAI is the baseline of what you’ll have to pay, but most families have to pay more.
@nuggetlovesgilliananderson 8 ай бұрын
when being super poor actually benefits you 😂
@rorykocenko5788 5 ай бұрын
Maybe I should quit my job
@cl9251 3 ай бұрын
Being super poor doesn’t benefit the student at all. Even if they receive more aide than you.
@nuggetlovesgilliananderson 3 ай бұрын
@@cl9251 let me have this one dammit
@user-dizoro 8 ай бұрын
thanks, that is really really good n valuable stuff!
@MonicaFeltonCFP 8 ай бұрын
You're welcome!