affording college

PPY - A Term That it Would Be Wise for Parents of the High School Class of 2017 and Beyond to Know

$ for CollegeWhy know the term PPY? - PPY will be used to determine eligibility for federal financial aid What does PPY stand for? - Prior-Prior Year

What is PPY? - The tax year that will be used to identify a family's Estimated Family Contribution (EFC) for college.  The EFC is a dollar amount which the federal government determines that a family can afford to pay for a year of education.

Why is this important? The Federal EFC for the class of 2017 will be based on this tax year (2015) - In the past it would have been based on next year (the 2016 tax year) - This can make a significant difference in financial aid eligibility for families with fluctuating income levels.

Beginning with the high school class graduating in 2017, a family's federal EFC will be based upon the prior prior year (PPY) tax return - the year the student is in the spring of his/her sophomore year and fall of his/her junior year of high school.

For a more comprehensive description of PPY and the financial aid process, visit

Sandy Aprahamian, EDNavigators LLC

CollegeAffordability (This is a great website!  I have met the owner of this company and respect his knowledge and the fact that his work is fee-based - no commissions - no hidden agendas.)

Should I complete the FAFSA? I don’t think I’ll qualify for financial aid.

College - Just Ahead

First: Use the FAFSA4Caster to see where you stand regarding financial aid eligibility.

Then, as daunting as the process sounds, it is worth the effort to complete the FAFSA even if you don’t think you will qualify for aid for three reasons.

1.  Some schools require that the FAFSA (and CSS Profile) be filed in order for the student to be considered for MERIT Aid. —It is worth a call to the Financial Aid office of the college/university to find out if the FAFSA/CSS Profile is required for students to be considered for Merit Aid AND the school’s deadline.

2.  In order to get Federal Student Loans (some which are not based on financial need), the FAFSA must be filed.

3.  In the unfortunate event that your financial position changes over the next 12 months, the FAFSA would already be on file and you would not have to wait until January of next year to file the new FAFSA.

Related Content:

Myths About Financial Aid

The Dept. of Education source for answers about Federal Student Aid

FAFSA:  Who Should Apply for Financial Aid? by Fred Amrein of College Affordability

For more Resources relating to Financing College, visit the Software/Resources page of my website.

Sandy Aprahamian, Principal, EDNavigators LLC