Financial Aid/FAFSA

What You Need to Know About the 2017–18 FAFSA®

Starting with the 2017–18 Free Application for Federal Student Aid (FAFSA®), these changes will be in effect:
 • You’ll be able to submit your FAFSA® earlier. You can file your 2017– 18 FAFSA as early as Oct. 1, 2016, rather than beginning on Jan. 1, 2017. The earlier submission date will be a permanent change, enabling you to complete and submit a FAFSA as early as October 1 every year.
• You’ll use earlier income and tax information. Beginning with the 2017 – 18 FAFSA, students will be required to report income and tax information from an earlier tax year. For example, on the 2017 – 18 FAFSA, you — and your parent(s), as appropriate—will report your 2015 income and tax information, rather than your 2016 income and tax information.

 

Go here for more information: https://studentaid.ed.gov/sa/about/announcements/fafsa-changes

 

 

Why fill out the FAFSA?

 

 

Understanding Financial Aid 

the-financial-aid-process_50291c83d5c3b_w1500

 

Quick Guide to Financial Aid Terms

 

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

Step 1 – Create your FSA ID   – fafsa_header
Step 2 – Fill out FAFSA –  fafsa_header

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.

 

 

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