Grants and scholarships are free, but you have to earn the work study dollars and pay back the loans. The following two FAFSA changes take effect this year: Here’s a crash course in how to complete the application, with the full details below. You’ll be asked to enter FAFSA school codes for up to 10 schools where you plan to apply.
Depending on your situation, you might not have to complete every step. You can search for school codes within the online application.
If you choose the Renewal FAFSA option when you start your application at fafsa.gov, some basic information from your 2016–17 FAFSA will be prepopulated in your 2017–18 FAFSA. (Too much could have changed in your life since you filled out the 2016–17 FAFSA.) Can I choose to report 2016 information if my family’s income has dropped significantly since we filed 2015 taxes? You must report 2015 tax and income information, as the FAFSA requires. What if my parents’ (or my) marital status has changed since we filed 2015 taxes?
However, the amounts may not be the same as the final numbers on your tax return. You have considerably longer to correct a FAFSA for yourself, your spouse, or other members of your household.
And keep in mind that an early offer might be an estimated offer, so read communications from schools carefully.
Information on college costs, graduation, and post-college earnings.
The problem is that the FAFSA uses information from last year’s tax return.
When FAFSA was due early this year, you may not have finished your tax return – or in some cases, even received all your tax information.