The Top 5 College Financial Aid Mistakes & Why Billions Of Dollars Goes to Waste Each Year

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 3 June 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week we’ve been focusing on student loans, hopefully, you had a chance to listen to our jam-packed episode with Robert Farrington on the student loan debacle. In this episode, we’re diving deeper into navigating the college aid process and all things FAFSA with Stuart Siegel, a nationally respected Financial Aid expert and founder of FAFSAssist. Get this, did you know that $24 billion dollars in financial aid that the government makes available go to waste each year simply because students aren’t applying for it? Whether you’re thinking about going back to college, have kids who are getting ready for college, or are simply thinking about having a child soon, this episode is for you. Stuart shares the right way to value assets, how to negotiate with colleges, why you shouldn’t respond to college offers too soon, and how to file the FAFSA the right way. Oh, and we also dive into the underbelly of just who is making money with student loans. Links FAFSAssist Stuart's Bio The Student Loan Debacle podcast episode Episode Sponsors Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney. Thanks to Open Door Capital for sponsoring the show. Go to https://odcfund.com/ to learn more. Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Thanks to Ladder for sponsoring the show. Go to http://www.Ladderlife.com/mymoney to see if you’re instantly approved for Life Insurance to provide for your family if the unthinkable happens. FOLLOW & SHARE Leave us an honest rating and review. Head to the podcast player you’re listening to this episode in to leave us a review. Reviews help us continue to grow and bring on more amazing guests. Thank you in advance! Love this episode? Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! Follow Me on Instagram for more money tips and behind the scenes information https://www.instagram.com/everyonestalkinmoney/ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Be very careful because you only get one shot at this, and colleges will not come back and correct it for you.
0:17.4	And so you're going to live with whatever you get for that year for all four years most of the
0:22.0	time welcome to everyone's talking money podcast i'm your host shana game there's no judgment
0:32.6	no dumb questions just smart conversations about you and your money. So come on in and grab a seat.
0:39.8	Everyone is welcome here.
0:47.1	We've all spent more time with family lately.
0:49.8	It can feel like old times.
0:51.8	But your mind is on the future too.
0:53.7	And what you can do to shape it.
0:55.5	At Sandy Spring Bank, we work with clients to help them grow and protect their money
0:59.2	with wealth management, trust services, and insurance, so they can enjoy today and ultimately
1:04.6	pass along their wealth.
1:06.3	We believe real banking is a conversation.
1:08.9	Let's talk about your dreams.
1:12.4	Visit sandyspringbank.com slash wealth. Wealth and insurance products are not FDIC insured, not guaranteed, and may lose value.
1:17.9	Welcome back to the show, Money Talkers. So good to have you here. This week we've been focusing on
1:24.3	student loans, a topic that is on everyone's mind. Hopefully you've had a chance
1:29.6	to listen to our jam-packed episode with Robert Farrington on the whole student loan debacle.
1:37.3	If you haven't, make sure that you go over and check out that episode as well. But in this episode,
1:43.3	we're diving deeper into navigating the college aid process
1:46.9	and all things FAFSA was Stuart Segal. Stuart is a nationally respected financial aid expert
1:53.5	and founder of FAFSA cyst. And get this, did you know that $24 billion in financial aid that the government actually makes
	...

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