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Press Releases

American Education Services Reminds Students to Apply for Financial Aid
FAFSA Application Available January 1

Wilmington, DE (January 4, 2007) - American Education Services (AES) is reminding students and families that the 2007-08 Free Application for Federal Student Aid (FAFSA) are now available and should be completed as soon as possible.

The FAFSA is the form that determines eligibility for almost all types of federal, state and institutional student aid. Students and parents (in single parent households, the parent the student lives with most) will need to complete the form. Families are encouraged to complete the FAFSA as soon as possible after January 1 to ensure that all student aid deadlines are met. Tax information is required from students and parents so families should either file their taxes prior to completing the FAFSA or submit their FAFSA based on 2006 estimated tax information.

Traditional paper FAFSAs are available from school counselors, the postsecondary school students are planning to attend or the U.S. Department of Education by calling 800.4.FED.AID. Families may also submit the FAFSA electronically at EducationPlanner.org, AES’ award-winning college planning Website, or at fafsa.ed.gov.

EducationPlanner also offers a free FAFSA tutorial to help families better understand the FAFSA application. Filing your FAFSA electronically speeds up turnaround time and helps eliminate errors. Students and parents filing the FAFSA online will need a Personal Identification Number (PIN) to serve as their electronic signature. Visit pin.ed.gov to obtain your PIN before completing the FAFSA.

The federal government will send applicants and their chosen schools a Student Aid Report (SAR) about one week after filing electronically and one month after filing a paper FAFSA. The SAR identifies a student’s Expected Family Contribution (EFC) toward their education costs.

The difference between a student’s annual education costs and their EFC determines their financial need. Those schools which a student is considering attending will use the information to ensure that the student receives the most comprehensive student aid package possible to cover their remaining costs.

Students should always take advantage of gift aid, such as grants and scholarships, before taking out a student loan. However, when a student loan is necessary, students should exhaust all eligibility for low-cost federal students.

For further information on the FAFSA or any of the student aid programs available through AES, please contact us at 800-692-7392 or visit EducationPlanner.org.