College Knowledge

145. Financial Aid and the FAFSA


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🎙️ Welcome to the College Knowledge Podcast, sponsored by the College Planning Network and Paradigm Financial Group! 🎓 In this episode, hosts Dave Kozak and Joe Kerins sit down with Frances McKeown from the Pennsylvania Higher Education Assistance Agency (PHEAA) to dive deep into the world of financial aid and how families can navigate the complexities of paying for college.

🚀 Key Takeaways:
- PHEAA's Role in Education: Learn how PHEAA administers Pennsylvania's state grant program and helps students access financial aid for higher education.
- Fran’s Journey: Discover how Fran's career in financial aid started at a college financial aid office, her transition to PHEAA, and her 18 years of experience helping families with financial aid applications.
- FAFSA Simplification: Understand the impact of recent changes in the FAFSA process and how it affects both students and colleges. From application delays to changes in needs analysis, Fran explains how the simplification has led to some complications.
- Grants vs. Loans: Fran emphasizes the importance of grants, or "green money" that doesn't need to be repaid, and the variety of financial aid available beyond federal options.
- Institutional Aid and Changing Trends: Insights into how colleges are adapting to financial aid changes and the ongoing challenges students face when making college decisions without knowing their full financial picture.
- PHEAA’s Outreach: Discover how PHEAA provides free resources and consultations to families, schools, and community organizations to help them better understand the financial aid process.
- Is College Worth It?: Fran addresses the growing question of whether college is still a worthwhile investment, offering statistics on income potential and job stability for those with higher education.
- PA-TIP Program: You can explore the full list of programs eligible for the Pennsylvania Targeted Industry Program (PA-TIP) https://www.pheaa.org/funding-opportunities/pa-tip/apply.shtml The maximum PA-TIP award for the 2024-25 year is $6,000.

🎯 Whether you're a student planning for college or a parent navigating financial aid options, this episode is full of practical advice and expert insights to help you make informed decisions.

👉 Don’t miss out—like, share, and subscribe for more valuable content on college admissions, financial aid, and student success!

🌐 Follow us for updates:
- Instagram: @collegeplanningnetwork
- Facebook: College Planning Network

#FinancialAid #CollegePlanning #CollegeKnowledgePodcast #HigherEducation #FAFSA #StudentSuccess #PHEAA #GrantsAndLoans #CollegeBound #PA-TIP #FAFSA2024

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College KnowledgeBy Dave Kozak

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