What You Need to Know About FAFSA
Thinking about college? Worried you won’t be able to afford it? The 2018-2019 School Year FAFSA application opened just a few weeks ago and we want to make sure you have all the information you need to start tackling your application. It can take awhile to gather all necessary documentation so we wanted to be sure to share it with you now!
FAFSA – What Is It?
FAFSA stands for Free Application for Federal Student Aid. Each year, the federal government provides more than $150 billion in financial aid for college and career school.
FAFSA also plays a role in qualifying for academic scholarships. In fact, some schools won't consider you for merit scholarships until you've submitted a FAFSA. Be sure to complete one even if you think you won't qualify for federal aid!
What You'll Need to Submit
It's no surprise that FAFSA requires you to report personal and/or family financial information. To ensure you're prepared to begin a FAFSA submission, work to obtain and organize the following information:
- Social Security Number
- Alien Registration Number
- Federal tax information or tax returns
- Record of un-taxed income
- Cash, savings, and checking account balances
- Investments other than the home in which you live
When Can I Complete My Submission?
Each October, the FAFSA is available for the next school year. It's important to fill it out as soon as possible to meet school and state financial aid deadlines, which vary from college to college, or career school to career school. So start today!
I've Submitted My Form... Now What?
You'll receive a confirmation email once you've submitted your FAFSA and it is being processed. Note, your college or career school might ask for additional information. Keep your FAFSA and other information easily accessible and be mindful of timelines.