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Avraham "AY" Rappaport, CLTC
President, Financial Professional
Yaniv "Jay" Natanov
President, Financial Planner
Eli Rappaport
Vice President, Financial Planner
Shlomo Rosenstein
Financial Professional
Ozzie Marizan
Financial Planner
Joseph Greer
Employee Benefits Administrator
Dylan Pinsky
Client Relations Manager
Premier Financial
6395 Dobbin Road, Suite 102
Columbia, MD 21045
Phone: 240-309-6001
Email: dylan.pinsky@prudential.com
Website: premierfinancial1.com
May/June 2023
FAFSA 101
Do you have a child who is headed to college in 2024? If so, you’ll want to fill out and submit a FAFSA when the form becomes available on October 1, 2023. FAFSA stands for Free Application for Federal Student Aid. It’s used to determine the amount of the loans, grants, and other federal financial aid a prospective student qualifies for. In addition, colleges use the FAFSA when deciding on a financial aid package to offer an applicant.
Create an Account
The first step in the process is for your child to set up an online account at studentaid.gov Both parents and students should create a login and password to access the account. Make sure you write down your sign-in credentials because you’ll use them during all the years your child is in school.Gather Documents
Before you begin the application, assemble all the documents you will need to complete it. The list includes:- Student’s Social Security Number
- Parents’ Social Security numbers, if your child is a dependent
- Alien registration number if not a U.S. citizen
- Parents’ federal tax return
- Untaxed income, such as child support
- Cash, checking/savings account balances, and investments (stocks, bonds, real estate, but not your home)
- List of schools (up to 10) where information should be sent. You can add to this list later on if you need to.
The Deadline
Students have until June 30, 2024, to apply for the 2023-2024 academic year. However, it’s wise to apply early before the bulk of the funds has been awarded.More information and help with filling out the FAFSA are also available on the website: https://studentaid.gov
Premier Financial is not affiliated with Prudential Financial. Premier Financial sells insurance products of Prudential Financial's affiliated insurance companies in addition to products of non-affiliated insurance companies. Premier Financial is authorized to sell and service certain insurance products of Prudential Financial companies as well as use this material. Premier Financial and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Offering financial planning and investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Dylan Pinsky is employed by Eli Rappaport and not The Prudential Insurance Company of America or its subsidiaries.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
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