What You Need to Know About the 2017–18 FAFSA®
Go here for more information: https://studentaid.ed.gov/sa/about/announcements/fafsa-changes
Why fill out the FAFSA?
Understanding Financial Aid
FAFSA stands for Free Application for Federal Student Aid
One of the first steps in the financial aid process, and determines the amount that you or your family will be contributing to your postsecondary education. The results of the FAFSA determine student grants, work-study, and loan amounts. We recommend that everyone fills out the FAFSA; it only takes about an hour to complete, and you may be surprised with the results.
Watch this brief overview on the FAFSA
Steps for Financial Aid
For the 2016-17 school year you will need financial information from 2015. You may need to refer to:
- Your Social Security card. It is important that you enter your Social Security Number correctly!
- Your driver’s license (if any)
- Your 2015 W-2 forms and other records of money earned
- Your (and if married, your spouse’s) 2015 Federal Income Tax Return.
- IRS 1040, 1040A, 1040 EZ
- Foreign Tax Return, or Tax Return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federal States of Micronesia, or Palau
- Your Parents’ 2015 Federal Income Tax Return (if you are a dependent student)
- Your 2015 untaxed income records
- Your current bank statements
- Your current business and investment mortgage information, business and farm records, stock, bond and other investment records
- Your alien registration or permanent resident card (if you are not a U.S. citizen)
Step 3 – Receive your Student Aid Report (SAR) via e-mail about two to three business days after you complete the FAFSA. The SAR will arrive via e-mail only if you provide a valid e-mail address when you fill out the FAFSA. If you don’t provide a valid e-mail, then it’ll take up to three weeks before your SAR is delivered to you by mail.