Have a college-bound senior in your home? The new 2018-2019 FAFSA is ready for completion. Don’t Delay! Here’s a quick Q&A on what you need to know about it.
What is FAFSA?
FAFSA stands for Free Application for Federal Student Aid.
Why should my child complete the FAFSA?
The financial aid office at a school uses your information to figure out how much federal student aid you may receive at that school. If the school has its own funds to use for financial aid, it might use your FAFSA information to determine your eligibility for that aid as well.
I make too much money for Federal Student Aid. Should I still complete the FAFSA?
Yes. Many schools also use the FAFSA information to determine your eligibility for aid at the school.
What documents will you need?
For the 2018-2019 FAFSA, you will need your 2016 tax information. You will also need social security numbers for both parents and the child, driver’s license numbers, untaxed income information, and more, listed here.
Before starting, you and your student will need to create a FAFSA ID, here. Also of note: the FAFSA is completed in your teen’s name, intended to be completed by your teen.
Some states and schools have limited funds, so it’s important to go ahead and complete it sooner than later. To begin your application, click here.
Sources: www.studentaid.gov and www.fafsa.ed.gov