The Free Application
for Federal Student Aid (FAFSA)
is the first form you will need
to file
to begin the financial
need process for most federal student
aid programs.
The FAFSA form will be required
for all Federal Student Loans and
many scholarships. It is used by
colleges to determine your financial
aid eligibility.
You must determine
your dependent and independent status
before completing the FAFSA form:
Dependent Status:
both the parent and the student MUST complete the FAFSA form to be eligible for financial aid.
Independent Status:
only the student and the spouse, if applicable MUST complete the FAFSA form to be eligible for financial aid.
You may submit
the FAFSA form anytime after January
1 in the year you intend to begin
school;
For example, if you
plan to attend school in Fall 2009,
you must submit your FAFSA form
anytime after January 1, 2009 to
about the end of July in order to
qualify for financial aid for the
academic year coming up.
You should submit your FAFSA form
early to meet college financial
aid deadlines
The FAFSA form must be completed and renewed each year while you attend school
eligible financial aid may increase or decrease each academic year depending on the college and the renewed FAFSA form that is renewed each year the student is in school.
Some schools may require additional forms for the student to become eligible for non-federal financial aid
The CSS Profile form is the most commonly used form for many Private schools. The PROFILE form requires more complete
information not generally covered
by the FAFSA form
contact
your college institution to determine
whether they require the PROFILE
form and any other Financial Aid
Application forms
Completing
the FAFSA form requires the following
records:
social security number and driver license
alien registration card (if you are not a U.S. citizen)
tax returns for the fiscal year
that just ended
W-2 and 1099 forms
records of untaxed income, such
as Social Security benefits, AFDC
or ADC, child support, welfare,
pensions, military subsistence
allowances, and veterans benefits
current bank and mortgage statements
medical and dental expenses
during the past year that was
not covered by medical insurance
business and/or farm records
current investment records for
stock, bonds, mutual funds, CDs,
and money market accounts
make sure you keep a copy of all these records
secure in the event that your
college is required to request
records for verification
note2: submitting the FAFSA form
Getting Your Personal PIN
Step 1: Get Your Personal PIN
The PIN is your personal identification number that lets your apply, sign your online FAFSA, make corrections and perform any other action with the Department of Education.
The PIN will be required for all parties completing the FAFSA form.
Step 2: Collect the Required Documents
Completing
the FAFSA form requires the following
records:
your Social Security Number (can be found on Social Security card)
your driver's license (if any)
your recent year W-2 Forms and other records of money earned
your (and your spouse's, if you are married) recent year Federal Income Tax Return - IRS Form 1040, 1040A, 1040EZ, foreign tax return, or tax return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federated States of Micronesia or Palau
your parents' recent year Federal Income Tax Return (if you are a dependent student)
your recent year untaxed income records - Social Security, Temporary Assistance to Needy Families, welfare, or veterans benefits records
your most recent bank statements
your most recent business and investment mortgage information, business and farm records, stock, bond, and other investment records
your alien registration number or permanent residence card (if you are not a U.S. citizen)
make sure you keep a copy of all these records
secure in the event that your
college is required to request
records for verification
The results of your FAFSA application will be sent to the schools of your choice. Schools will use the information in determining eligible financial aid.
Have your school codes ready when you are ready to complete your FAFSA online:
You may submit
the FAFSA form anytime after January
1 in the year you intend to begin
school;
for example, if you
plan to attend school in Fall 2007,
you must submit your FAFSA form
anytime after January 1, 2007 to
about the end of July in order to
qualify for financial aid for the
academic year coming up.
Before you begin:
download a sample FAFSA worksheet that you can use as reference. You need to make sure you enter everything correctly to avoid delays in your financial aid applications:
FAFSA form worksheet (links to the fafsa site)
add additional schools to your SAR
request duplicate copies to
be sent to you from the FAFSA
form web site (under "Request Duplicate Student
Aid Report")
The PROFILE form is a fee-based
form used by select schools to administer
their own financial programs.
The PROFILE form requires more complete
information not generally covered
by the FAFSA form contact
your college institution to determine
whether they require the PROFILE
form and any other Financial Aid
Application forms: