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NerdWallet's Smart Money Podcast

Money News: How to Navigate New FAFSA for Federal Student Loan Aid

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 10 January 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

Explore FAFSA’s impact on college finances, including changes to the application process and shifts in aid eligibility. How do changes to FAFSA affect your eligibility for federal student loans and need-based grants? What’s the best way to navigate the recent rollout amid technical issues with the website when it launched last month? What information do you need in order to complete your FAFSA application, and what happens after you submit it? Hosts Sean Pyles and Anna Helhoski delve into the chaos surrounding the release of the revamped FAFSA (Free Application for Federal Student Aid) with special guest Eliza Haverstock, NerdWallet’s expert on student loans.  You’ll walk away with essential advice on completing FAFSA paperwork, timeline expectations for applicants, and avenues for seeking assistance. Plus: hear the latest financial headlines around surprising job market figures, fluctuating gas prices, the FDA's approval for Florida to import drugs from Canada, and the Education Department's actions on student loan servicers.  In their conversation, the Nerds discuss: financial aid, college expenses, new FAFSA changes, student loans, tuition, education costs, scholarships, grants, application process, college affordability, federal aid, student financial aid packages, college funding, tuition fees, aid eligibility, student aid index, college financials, education expenses, FAFSA glitches, aid impact, financial aid awards, aid alterations, student aid formulas, college financing, December jobs report, Labor Department, hiring binge, gas prices, drug imports from Canada, Florida law, MOHELA, Aidvantage, EdFinancial, Nelnet, Department of Education, and FSA ID. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:25.3

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0:27.1

Click or tap the banner to find out more.

0:32.3

Welcome to Nerd Wallet's Smart Money Podcast.

0:35.0

I'm Sean Piles.

0:35.9

And I'm Anna Halhouski.

0:37.4

And this is our weekly

0:38.5

personal finance news roundup, where we take a look at recent development in the world of money

0:42.8

and then go in-depth on an issue that's important to your life and your bottom line.

0:47.6

I know we're 10 days into it already, but happy new year, Sean. And same to you, Anna, and hopefully

0:52.3

a happier year to come for anyone dealing with a free

0:55.1

application for federal student aid, the FAFSA, because up to this point, ooh, it has not been pretty.

1:01.6

Yeah, I think you could fairly call it a FAFSA snafu.

1:05.6

Folks who tried to access the system when it launched about a week and a half ago were

1:09.7

stymied by technology.

...

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