Ron Siegel Radio featuring Chris Bissonnette

Navigating College Financial Aid in 2024: Key Changes and Strategies from Ron Siegel Radio

In a world where college education costs are skyrocketing, understanding the intricacies of financial aid can be a game-changer. On a recent episode of Ron Siegel Radio, we dove deep into the complexities of the Free Application for Federal Student Aid (FAFSA) with expert Chris Bissette. With changes in the FAFSA process and strategies for maximizing aid, this blog unpacks crucial insights for families facing college financing challenges.

Understanding FAFSA Changes: What Families Need to Know

In 2024, the FAFSA process underwent significant changes, impacting families across the nation. One of the most notable changes is the elimination of the discount for families with multiple children in college. This shift could mean a considerable increase in expected family contributions, especially for those with children in high-cost institutions.

Another change targets small business owners. Previously, small businesses with fewer than 100 employees were not included in FAFSA calculations. However, the new guidelines now consider small businesses with zero employees, which could significantly impact many entrepreneurs' financial aid eligibility.

Lastly, for divorced or separated parents, the criterion has shifted from the custodial parent (the one with whom the child lives 51% of the time) to the parent who provides the most financial support. This change could lead to significant adjustments in financial aid calculations.

Strategies for Maximizing College Aid

Despite these challenges, there are effective strategies for maximizing college aid. The key lies in understanding how to accurately report assets and income on the FAFSA form. For instance, when reporting business or home equity value, it's essential to consider the fire sale value rather than the market value. This approach can lead to more favorable aid calculations.

Appealing financial aid decisions is another powerful strategy. With many colleges possessing substantial endowments, there's often room for negotiation. In some cases, families have successfully increased their financial aid packages by tens of thousands of dollars through effective appeals.

Bottomline: Take Action and Spread the Word

The landscape of college financial aid is complex but navigable with the right knowledge and strategies. If you're facing challenges with the FAFSA or need guidance on maximizing your college aid, don't hesitate to reach out. And remember, watching the full video replay of our discussion can provide even more insights.

For those in your circle who might be grappling with mortgage needs or seeking financial advice, our team is here to help. Share this blog and encourage them to watch the video replay for valuable information.

Navigating college financing is a journey, but with the right tools and guidance, it's one that can lead to a brighter educational future for your loved ones.

For more insights and personalized advice, don't hesitate to contact me directly or visit Let's turn knowledge into action.



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My name is Ron Siegel, Radio Host and Branch Manager at Geneva Financial. And I'm dedicated to helping homebuyers like you get pre-approved on your mortgages across America. Whether you're purchasing, refinancing, downsizing, buying a rental, or even your first mortgage, we got you covered. Specifically, I'm licensed in these states: California, Idaho, and Texas. Our Company is licensed in 48 States. For more licensing information, please visit

The information contained is the viewpoint of the presenter(s). Individuals should consult their own financial representative. Geneva Financial LLC. All rights reserved. NMLS ID# 42056 ( Equal Housing Opportunity. This information is not intended to be an indication of loan qualification, loan approval, commitment to lend, or offer to enter into an agreement. Loans are subject to credit and property approval. Not all customers will qualify. Information, rates, terms, and availability of programs are subject to change without notice. Not all products are available in all states or for all dollar amounts. If you are refinancing your existing loan, your total finance charges may be higher over the life of the loan. VA loans subject to VA eligibility. Other restrictions and limitations apply.


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